On Wednesday 31 July, the European Union disbursed the first tranche of short-term emergency financial support of €150 million to the Palestinian Authority (see EUROPE B13457A1).
Of this sum, €58 million in grants, through the PEGASE mechanism, will help pay salaries and pensions of West Bank civil servants and support vulnerable families. The remaining €92 million will come from the European Investment Bank through a credit line to the Palestine Monetary Authority.
Subsequent...