Indian Prime Minister, Manmohan Singh, announced Tuesday that his government has decided to grant the Palestinian Authority $10 Million to help it overcome its current sharp financial crisis, the Wattan TV reported.The statement came as India and the P.A signed, Tuesday before noon, three agreements to support technical and vocational projects in Palestine.
The agreement was signed by Palestinian President, Mahmoud Abbas, and Indian Foreign Minister, Manmohan Singh.
The agreements include constructing two schools in Abu Dis, in East Jerusalem, and in the northern West Bank city of Nablus, in addition to providing the P.A. with equipment and the needed training in Information Technology.
India will also be providing Information Technology training to the Al-Quds University and the Ministry of National security, and vocation training in cooperation with the Labor Ministry.
The P.A is facing a sharp financial crisis amidst massive popular protests in different parts of the West Bank resulting from the serious increase in living costs.
Palestinian Prime Minister, Dr. Salaam Fayyad said that he will be submitting his resignation to Abbas once he returns to the country.
It is worth mentioning that Israeli Radio, Channel 2, (Reshet Bet) reported that senior Israeli security officials filed an urgent recommendation to the Israeli Government of Benjamin Netanyahu to transfer large sums of cash to Palestinian Prime Minister, Dr. Salaam Fayyad, in order to prevent the collapse of his government amidst massive waves of protests demanding his resignation.