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(Financial Times-UK) Harvey Morris - Members of the Quartet will consult this week on how to avert the imminent financial collapse of the PA even before a new Hamas-led government takes office. With the Islamist party as much as a month away from forming a cabinet, the outgoing PA government faces a deficit of up to $370m. PA officials have warned international donors they need $60m-$80m this week if they are to begin paying public sector salaries. The PA on Sunday faced the threat of an immediate suspension of fuel shipments after failing to meet a payment of more than $30m to Dor, the Israeli supplier. The Israeli government decided a week ago to suspend monthly transfers of about $50m in tax and customs receipts that it collects on behalf of the PA. 2006-02-27 00:00:00Full Article
Quartet Seeks to Avert Fiscal Collapse of PA
(Financial Times-UK) Harvey Morris - Members of the Quartet will consult this week on how to avert the imminent financial collapse of the PA even before a new Hamas-led government takes office. With the Islamist party as much as a month away from forming a cabinet, the outgoing PA government faces a deficit of up to $370m. PA officials have warned international donors they need $60m-$80m this week if they are to begin paying public sector salaries. The PA on Sunday faced the threat of an immediate suspension of fuel shipments after failing to meet a payment of more than $30m to Dor, the Israeli supplier. The Israeli government decided a week ago to suspend monthly transfers of about $50m in tax and customs receipts that it collects on behalf of the PA. 2006-02-27 00:00:00Full Article
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