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Germany to host a conference for the donor states
Palestine-International, Economics, 1/16/1999
More than 40 donor states and organizations are to participate in a conference organized by the World Bank in Germany in February, to discuss the dedication of $3.3 billion for infrastructure projects in the West Bank and Gaza Strip through 2005.
Sources from the World Bank's delegations in Cairo and Ramallah told ArabicNews.com that the conference will discuss a report on the deterioration of the Palestinian economy to press Israel to give the Palestinian government taxes and customs amounting to $850 million annually.
Meanwhile, the sources expected that the donor states could demand limited guarantees dictating the expansion of credit upon which they agreed in the meeting held on November 30, 1998 in Washington, which Palestinian President Yasser Arafat, US President Bill Clinton and 17 foreign ministers attended.
Previous Stories:
An industrial zone in the West Bank
(1/14/1999)
EURO in the Palestinian areas by the beginning of 1999
(12/31/1998)
Palestinian investments total $5 billion
(12/30/1998)
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