BREAKING NEWS

Fayyad says freed US aid to help ease crisis

By REUTERS

MARCH 24, 2012 15:12

RAMALLAH - Palestinian Authority Prime Minister Salam Fayyad said on Saturday the release of $88.6 million in development funds by US lawmakers would help ease a fiscal crisis in the aid-dependent Palestinian economy.

"This is very important in order to help us deal with the economic crisis," Fayyad told reporters in Ramallah.

In August Republican lawmakers put a hold on $147 million in US assistance because they objected to a Palestinian push for recognition at the United Nations, arguing that Palestinian statehood should be achieved through peace talks with Israel.

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