War on Iraq Hurts Palestinian Economy

(Jerusalem Times/IMRA) - Muhammad Shtayyeh, director of the Palestinian Economic Council for Development and Reconstruction (PECDAR), said there is already a noticeable decline in international aid as many donors have postponed financing projects and others have stopped aid completely. He expects the donor countries to start concentrating on rebuilding Iraq or helping Iraqi refugees rather than helping the Palestinian people. Arab revenues from oil may also drop if the price of oil drops in case the U.S. controls Iraq and its huge oil reserves.

2003-03-28 00:00:00

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