World Bank: Palestinian Authority Losing $285 Million A Year Due To Agreements With Israel

Palestinian Authority President Mahmoud Abbas

The Jerusalem Post reports: The Paris Protocol has to be amended to halt the annual loss of $285 million to the PA, the World Bank said in a report it issued Sunday in advance of Tuesday’s meeting in Brussels of the Ad Hoc Liaison Committee.

Separately, the World Bank said, Israel is holding $669m. it collects from Palestinian worked in Israel and their employers that was due to be transferred to a decimated pension fund under the auspices of the Palestinian Authority.

But the PA never created that fund, the World Bank said.

It also called for the revival of the Joint Economic Committee established with the Paris Protocol in 1994, but which last met in 2009.

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