France and a number of allied states announced the formation of an emergency coalition to ensure the economic stability of the Palestinian Authority. This initiative was introduced to maintain the national administration's capacity for effective regional governance, providing necessary services to the population, and ensuring security, the French Ministry of Foreign Affairs reported.
Belgium, Denmark, France, Iceland, Ireland, Japan, Norway, Saudi Arabia, Slovenia, Spain, Switzerland, and Great Britain joined the new structure. They claim the coalition was formed as a response to the "unprecedented financial crisis" facing the Palestinian National Authority.
Representatives of the association emphasized that it is impossible to limit oneself to short-term assistance, but the need for systematic, predictable cooperation based on transparent and accountable mechanisms with the participation of international financial institutions.
At the same time, the foreign ministers of the states strongly demanded that the Israeli government cease any actions that would interfere with the activities of the Palestinian National Authority, weaken it, or lead to its complete collapse. According to them, ensuring the economic stability of Palestine is an important investment not only for Palestinians, but also for Israelis and peace and security throughout the region.
So far, information about the amount of financial aid that the coalition member states will provide to Palestine has not been disclosed. At the same time, experts assess this step as an important step towards strengthening the financial system of the Palestinian Authority and ensuring stability in the region.
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