Bush Agrees To Direct Aid For Palestinians

(May 26, 2005)

In an effort to strengthen Palestinian President Mahmoud Abbas, President Bush agreed during a White House meeting with Abbas to provide the Palestinian Authority with a $50 million financial package, drawn rom unspent fiscal 2005 funds. Past aid has been indirect, paid through nongovernmental organizations, but these funds are to be deposited in a special account managed by Palestinian Finance Minister Salam Fayyad, who is widely credited with making the PA's finances more transparent. The money “is to be used to build housing, schools, roads, water facilities and health clinics in Gazato help ease the transition as Israelis withdraw.”

Source: Washington Post, (May 27, 2005)