The money, from an existing trust fund managed by the World Bank, will be used by the Hamas-led Palestinian Authority to meet its immediate financing needs and to avoid suspension of basic services, the international lending agency said in a statement on Tuesday.
Bank officials said they were awaiting a decision by the quartet of Middle East mediators - the
The current funding crisis stems from
The tax revenues, collected by
As many as one in four Palestinians is dependent on wages from the PA. Last week international envoy James Wolfensohn said violence could break out if salaries were not paid.