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International donors met on 8 June in Oslo to discuss financial aid to the Palestinians. An estimated $1.4bn is needed from donors for budget support in 2009. Aid is running at less than 55% of the amount needed, with the PA having received only $328m so far this year. A further $250m to $300m is expected to be provided by donors by July 2009. The monthly Palestinian deficit is between $35m and $40m, mainly due to a decrease in Arab donor funding to the PA.
Carana Corporation has launched a five-year $20m development programme, funded by USAID, aimed at modernizing and bringing Palestinian competitive products into new markets.
The Municipal Development and Lending Fund (MDLF) disbursed approximately $20m to Local Government Units (LGUs) in 2008. MDLF plans to distribute around $40m for 2009. The funds were provided by the international donor community.
The total value of Palestinian exports with a certificate of origin increased from approximately $40m in 2007 to $51.4m in 2008, according to the Palestinian Chambers of Commerce, Industry and Agriculture.
To download the full report please click below:
| Attachment | Size |
|---|---|
| Bulletin_Issue_33_June_2009.pdf [2] | 183.86 KB |
Links:
[1] http://www.americantaskforce.org/resources
[2] http://www.americantaskforce.org/sites/default/files/Bulletin_Issue_33_June_2009.pdf
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