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Ecnomy-Finance
Japan Provides USD 10 Million Aid to the Palestinian Authority
Tuesday, July 31, 2012
Tokyo- (PanOrient News) The Japanese government has decided to extend Non-Project Grant Aid of 800 million yen (about USD 10 million) to the Palestinian Interim Self-Government Authority, the Foreign Ministry said.
Notes to this effect were exchanged between Mr. Naofumi Hashimoto, Representative of Japan to the Palestinian Authority, and Dr. Salam Fayyad, Prime Minister, Palestinian Authority, on Sunday, July 29 (local time) in Ramallah in the West Bank of the Jordan River.
A statement issued by the Foreign Ministry in Tokyo said this grant aid, aimed at promoting efforts by the Palestinian Authority for economic and social development, will be used for the purchase of necessary commodities in the Palestinian territories, and is expected to improve the serious financial conditions of the Palestinian Authority.
The statement noted that the Palestinian economy remains in a difficult condition, particularly due to a considerable decrease of employment opportunities for Palestinians as well as destructions of various social and economic infrastructures in the repeated collisions in the Palestinian territories since September 2000. In order to promote the Middle East peace process under these circumstances, it is imperative to work for the stability and the development of the Palestinian society and its civil life by supporting the efforts of the Palestinian Authority for economic and social development, it said.
Japan will continue to make active efforts to promote political dialogues toward the resumption of the direct negotiations, confidence-building measures and the "Corridor for Peace and Prosperity" initiative in addition to providing assistance to the Palestinians toward the realization of co-existence and co-prosperity of Israelis and Palestinians through a two-state solution.
The Palestinian territories cover around 6,020 square kilometers, and have a population of approximately 4.1 million people (2010).
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