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Algeria commits to paying its share of the Palestinian Authority funds

Al Baraka Bank in Algeria [Magharebia/Wikipedia]
Al Baraka Bank in Algeria [Magharebia/Wikipedia]

The Algerian Embassy in the Egyptian capital Cairo announced yesterday that it had delivered $26.4 million to the General Secretariat of the Arab League, representing its contribution to the support of the Palestinian Authority’s (PA) budget for the first part of the current fiscal year.

According to Algerian state news agencies, the Arab League confirmed today that Algeria was among the few Arab countries that have already committed themselves to paying all their commitments to support the struggle of the Palestinian people.

Algeria’s moves come after the Arab League adopted a resolution at a summit held in Beirut in March 2002 calling on Arab states to support the PA’s six month budget of $330 million from the beginning of April 2002, renewable for another six months.

Since 2002, the Arab League has issued renewed recommendations for the provision of such support without interruption. The same system distributing the percentage of Arab contributions to the budget of the Arab League has been adopted to determine the share that each Arab country must pay to support the PA’s budget.

According to this system, the contribution of the Algerian state has been set at eight per cent, which totals $52.8 million annually.

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