FINANCIAL SHENANIGANS IN THE PA

PA Smuggles Donor Funding Abroad (Middle East Newsline)
The EU fraud squad, known as Olaf, issued a report that said the PA sent hundreds of millions of dollars to bank accounts in Switzerland and Tunisia. Concluding a two-year investigation, Olaf said other donor funding was probably pocketed by PA officials. Olaf said the PA leadership transferred $238 million to Swiss bank accounts between 1997 and 2000 without informing its international donors.

World Bank: Conditions Not Right for Massive Investment in PA - Amy Teibel
The World Bank's West Bank and Gaza regional director Nigel Roberts said Tuesday that the international community would look closely at Israeli and Palestinian performance before pumping money into Gaza. "Donors in my view would be ill-advised to inject large additional sums of money today unless the policy conditions are put in place that will enable Palestinian economic recovery,'' Roberts said. "[Otherwise] it's simply a waste of money.'' (AP/Guardian)