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Politics : The Truth About Islam

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To: Ichy Smith who wrote (6782)4/11/2007 12:41:43 PM
From: Scoobah  Read Replies (1) of 20106
 
Fayad tells EU new PA unity gov't needs over $1.3 billion in aid

By Reuters

Palestinian Finance Minister Salam Fayad told the European Union on Wednesday a new national unity government needed more than $1.3 billion in international aid this year to avert a "devastating" humanitarian crisis.

He won a cautious endorsement from EU External Relations Commissioner Benita Ferrero-Waldner, who promised technical assistance to enable his ministry to receive aid once the Palestinian Authority met crucial political conditions.

"We are looking for external support to bridge a gap of nearly 1 billion euros [$1.34 billion] for 2007," Fayad told a joint news conference, stressing his government's commitment to respect all peace accords with Israel.



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Asked what would happen if aid was not forthcoming, he said: "The consequences are far too grave, quite frankly."

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