12 countries form coalition to support Palestinian finances

The coalition includes Spain, Belgium, Denmark, France, Iceland, Ireland, Japan, Norway, Saudi Arabia, Slovenia, Switzerland, and the United Kingdom. According to the Spanish Foreign Ministry, the initiative aims to stabilize the finances of the Ramallah-based body, preserve its ability to govern, provide essential services, and maintain security.

The statement refers to past significant contributions and pledges of continued support from the coalition. The office of Palestinian Prime Minister Mohammad Mustafa said donors have committed at least 170 million dollars to finance the Palestinian Authority.

Earlier on Thursday, Saudi Arabia announced a 90 million dollar contribution. The coalition countries also called on Israel to immediately release all Palestinian customs revenues.

According to Le Figaro, since the outbreak of the Gaza war on October 7, 2023, Israel has withheld tax revenues intended for the Palestinian Authority. The Authority says this has led to a decline in basic services such as healthcare and education and a rise in poverty. Israeli officials argue that part of the withheld funds is used to cover expenses such as electricity supplied to Palestinians.

Earlier, Kazinform News Agency reported on recent developments and current situation of the recognition of Palestine.