France, Britain grant Palestinian Authority cash lifeline

The World Bank forecasts the Palestinian economy will contract anywhere between 6.5 percent and 9.4 percent during 2024. (Shutterstock/File)

• The Palestinian Authority (PA) faces “persistent challenges“
• The aid will be channeled to the Palestinian Authority via an emergency fund created in 2021 by the World Bank

RAMALLAH, Palestinian Territories: France and Britain granted 19.7 million dollars (18 million euros) in emergency aid to the Palestinian Authority on Thursday to help fund health and education services in the occupied West Bank, officials said.
The Palestinian Authority (PA) faces “persistent challenges” due to the war in Gaza, violence in the West Bank, and the Israeli government’s withholding of customs revenue, Palestinian Planning and International Cooperation Minister Wael Zaqout said.
“This financing is part of the emergency fund framework to guarantee the continuity of vital services in education and health,” he told a press conference in the occupied West Bank city of Ramallah.
The aid will be channeled to the Palestinian Authority via an emergency fund created in 2021 by the World Bank to keep the Palestinian economy afloat.
The PA has faced a serious budget crisis in recent years that has made it unable to pay salaries in full to public sector employees.
The problems worsened after Hamas’s unprecedented attack on Israel on October 7 last year, which led Israel to invade the territory.
In recent months, several senior Palestinian officials including the minister of the economy have warned about the risk of the West Bank economy collapsing.
“France remains committed to help build a viable Palestinian state, able to exercise its sovereignty over all its territories, including Gaza,” France’s consul-general in Jerusalem, Nicolas Kassianides, said in a statement.
The funds would “address the most essential and urgent needs of the Palestinian people,” he added.
British Consul-General Diane Corner said that her country’s contribution aimed to “support the salaries of 8,200 doctors, nurses and other employees in the health sector.”
The financial help “comes at a critical time and advances mutual priorities,” said Stefan Emblad, World Bank director in the Palestinian territories.
He added that the aid came on top of a recent $30 million grant from the World Bank, also to the emergency fund.