Last Update 23:15
Wednesday, 21 August 2019

Arab finance ministers to hold emergency meeting to discuss PA financial safety network

MENA , Sunday 23 Jun 2019
Aboul Gheit
Secretary General of the League of Arab States Ahmed Aboul Gheit (PHOTO: AFP)
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Arab finance ministers are set to hold an emergency meeting at the headquarters of the Arab League in Cairo on Sunday to discuss establishing a financial safety network for the Palestinian Authority and supporting its budget.

Tunisia will chair the meeting with the participation of Arab League Secretary-General Ahmed Abul Gheit and Palestinian Finance Minister Shoukry Bishara.

The meeting was called for by Abul Gheit as part of implementing a decision by Arab foreign ministers during their 21 April emergency meeting and the outcome of a Tunis summit on activating a $100 million financial safety network every month to boost the Palestinian Authority. 

In press statements on Saturday, Assistant Secretary-General of the Arab League Hossam Zaki said that Abul Gheit called for the emergency meeting to coordinate with the Palestinian side to provide it with a financial safety network.

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