Posted 2/27/2024, 1:14:00 PM
Israel Resumes Tax Transfers to Palestinians, Easing Economic Pressures
- Israel resumes transferring tax revenues to the Palestinian Authority to fund basic services and support the West Bank economy
- Palestinian leaders say Israeli restrictions like withholding tax revenue have blocked their ability to govern
- For months, the Authority couldn't pay full public sector salaries due to Israel not releasing some tax funds
- Yellen urged Israel in a letter to reinstate Palestinian work permits and reduce barriers to commerce in the West Bank
- The U.S. is exploring options to strengthen the West Bank economy and supports World Bank and IMF assistance to the region