Fayyad, Ashton sign financial agreement before donor meeting
Published Tuesday 19/03/2013 (updated) 20/03/2013 16:33
European Union foreign policy chief Catherine Ashton poses with
Palestinian Authority Prime Minister Salam Fayyad after signing a
financial agreement in Brussels March 19, 2013.(Reuters/Francois Lenoir)
BETHLEHEM (Ma'an) -- Palestinian Authority Prime Minister Salam Fayyad and EU foreign policy chief Catherine Ashton signed a financial agreement on Tuesday before a donor meeting in Brussels.
The agreement is worth 7 million euros ($9 million) and will contribute to Palestinian development, a statement from Ashton's office said.
"This agreement is aimed at supporting the Palestinian presence and promoting social and economic development in Area C, which we all know is of crucial importance for the economic viability of Palestine," Ashton said.
Fayyad will head a delegation at the annual spring meeting of a donor group for Palestine in Brussels on Tuesday.
The delegation will submit a report entitled "Palestine: A state under occupation" to the Ad Hoc Liaison Committee, which will brief donors on how the Israeli occupation affects the Palestinian economy and development projects.