US Secretary of State Condoleeza Rice is expected to announce tomorrow that the US will immediately transfer $41 million to the Palestinian Authority.
The US will transfer to Israel $50 million of the $350 million President George W. Bush promised the Palestinians in last week's State of the Union Address to Congress. Israel will use the money to build modern transit points for the rapid checking of persons and goods, thereby helping the Palestinian economy.
"Ynet" news website reports that Foreign Ministry director general Ron Prosor and Israel Ambassador to the US Daniel Ayalon submitted the request for the aid at a meeting at the White House two weeks ago.
During her Middle East trip, US Secretary of State Condoleeza Rice is expected to announce tomorrow that the US will immediately transfer $41 million to the Palestinian Authority. The money had previously been budgeted for improving living conditions in the Gaza Strip, but was frozen due to the terrorism that raged during Yasser Arafat's reign.
Published by Globes [online], Israel business news - www.globes.co.il - on February 6, 2005