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Palestinians steal aid before it arrives

Posted By admin On January 28, 2009 @ 9:25 pm In economy | 4 Comments

As Arab countries promised more than $2 billion to finance Gaza reconstruction, Fatah officials quickly registered foreign straw firms with construction licenses to channel the funds to. Fatah and Hamas leaders accuse each other of attempting theft.

Likely, the promised aid won’t arrive. Fatah received less than 10% of the aid promised to it a year ago at the Paris donor conference. Arab countries promise a lot, but deliver little.

But why does Gaza need billions? Hamas promised 4,000 euro per destroyed house, which is more than enough to rebuild a modest home in Gaza. At most, the cost of repairs runs to 200 million dollars.

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