RealNews

US plans new assurances on funds for Palestinians

The United States has decided to offer fresh assurances that giving money to the Palestine Liberation Organization would not violate U.S. financial sanctions, senior U.S. officials said on Friday. The assurances, which could come through an exchange of letters with the European Union, aim to ease the flow of funds to a PLO account controlled by Palestinian Finance Minister Salam Fayyad. The objective is to ensure that banks feel comfortable transferring money to the PLO and, in turn, to strengthen the hand of Palestinian moderates like Fayyad and President Mahmoud Abbas in their power struggle with Hamas. Western donors have cut off direct funds to the Hamas-led Palestinian government, demanding it recognize Israel, renounce violence and accept existing interim peace deals.Full Story

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