Good Money, After Bad
World Bank gives Palestinian Authority $64 million
Bank says goal of donation is to boost Fayyad's plan to set up institutions for a state within two years
Associated Press
The World Bank has given $64 million to the Palestinian Authority in the West Bank to help it prepare for statehood.
Palestinian Prime Minister Salam Fayyad signed the agreement on Sunday. World Bank official Shamshad Akhtar says the goal is to boost Fayyad's plan to set up institutions for a state within two years, though talks with Israel are stalemated.
A World Bank delegation visiting the West Bank and Gaza Strip will also look for ways to ease entry of construction materials into Gaza.
Last winter Israel launched a three-week military offensive there to stop daily rocket fire, causing widespread destruction. Israel refuses to let building materials into Gaza, fearing they would end up in the hands of Gaza's Hamas rulers.
When will the world ever learn after the multiple billions of dollars that have gone down the Palestinian rat hole to give them more money is beyond belief.
Maybe Mrs. Arafat is having some cash flow issues in the high fashion houses of Paris.
Maybe Shimon Peres needs to pimp some more for the Palestinians.
