Daily Alert Archives

Study: PA Highly Dependent on Foreign Aid

(Ynet News) Gil Kol - More than 60% of the Palestinian Authority's GNP comes from the U.S., EU, UN, World Bank and others countries, according to a study by economic analyst Eyal Ofer in cooperation with president of the Financial Immunities consulting firm Adam Roiter. The Palestinian people receive the largest amount of donations worldwide. For every Palestinian citizen, the PA receives an average of $1,000 per year. The data reinforces the claim that there is no Palestinian economy, and that in reality it is almost exclusively supported by the donation industry. "The donations go toward the entrenchment of government institutions instead of the development of infrastructure, industry, human capital, etc.," explained Roiter. "What we have here is a schnorrer country, without which it does not exist." "The funds go into the pockets of bureaucratic echelons and to the monstrous administrative apparatus that mostly deals with allocation of funds and fundraising."
2011-01-17 07:35:16
Full Article