Hamas seeks access to Palestinian investment fund

Hamas seeks access to Palestinian investment fund
Wed Mar 29, 2006 12:28 PM ET
By Wafa Amr

RAMALLAH, West Bank, March 29 (Reuters) - Palestine's new Hamas-led government, facing donor threats of potentially crippling cuts to aid, will try to gain control of a Palestinian investment fund, the finance minister said on Wednesday.

Control of the Palestine Investment Fund (PIF), with an estimated value of $1.3 billion, was transferred from the cabinet to President Mahmoud Abbas's office after Hamas beat Abbas's Fatah movement in a Jan. 25 election, officials said.

"The government seeks to have the Finance Ministry regain control over the Palestine Investment Fund from the president's office," Finance Minister Omar Abdel-Razeq told Reuters.

"We will do this in cooperation with the presidency and not through confrontation."

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http://today.reuters.com/investing/financeArticle.aspx?type=fundsNews2&storyID=2006-03-29T172902Z_01_L29782223_RTRIDST_0_ECONOMY-PALESTINIANS-FUND.XML


(Maybe they will now pay the police and other civil servants who didn't get full wages in February)

As I recall yr totally supportive of Israel keeping Palestinian revenue, which I find a bit of a contradictory attitude as it'd at least go a fair way to getting them paid...

Violet...

and they need way more than 50 mill/ mo to run their operations

n/t

Which was, after all, the original claim;

--(Maybe they will now pay the police and other civil servants who didn't get full wages in February)--

n/t