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Qatar: Envoy Confirms Palestinian Backing Out from Qatar Funding Scheme for Gaza

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Staff Writer, TLR

Published on July 14, 2023, 17:41:00


Finance, UAE

The possible legal implications which might entail a Qatari involvement in reaching out to the Gaza strip has apparently resulted in the Palestinian Authority (PA) withdrawing from a funding agreement. Qatar had promised $40 million to support over 100,000 Gazan families under an MoU signed by the Qatari Gaza Reconstruction Committee and UN Special Coordinator for the Middle East Peace Process. The PA has since withdrew from the arrangement, according to the Qatari envoy, "because to worries of legal punishment and claims that banks are supporting terrorism." The Hamas had reportedly criticised the turn of events. The strip has been under siege for long and over 2 Million people live in dire conditions owing to the same.