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.