Thursday, May 22, 2008

US aid to Palestinians to total $550 mln -official

We would be wiser to flush the money down the toilet.. at least then we'd know it wasn't being used against us.

WASHINGTON, May 21 (Reuters) - The U.S. government will provide $550 million in direct financial support to the Palestinian Territories in 2008 and aims to leverage more in private investment funds to help spur the Palestinian economy, a senior U.S. Treasury official said on Wednesday.

In remarks prepared for delivery to the Palestine Investment Conference in Bethlehem, Deputy Treasury Secretary Robert Kimmitt said $150 million has already been transferred as budget support to the Palestinian Authority.

The United States also has pledged to provide $148 million in humanitarian aid through the United Nations, and is "requesting significant levels of assistance from Congress for next year," Kimmitt said in remarks released in Washington.

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