Palestinian relief agency faces cash crunch next month, chief says

Palestinian relief agency faces cash crunch next month, chief says
Palestinian relief agency faces cash crunch next month, chief says

Hello and welcome to the details of Palestinian relief agency faces cash crunch next month, chief says and now with the details

Nevin Al Sukari - Sana'a - UNRWA Director of Communications, Juliette Touma, attends a press conference with United Nations resident coordinator, Sheri Ritsema-Anderson and director of the UN Relief and Works Agency, Olaf Becker at Amman new camp also known as al Wihdat camp for Palestinian refugees, in Amman, Jordan February 13, 2024. — Reuters pic

DUBLIN, Feb 15 — UNRWA, the UN agency for Palestinians, faces a cash crunch next month and its financial problems will accelerate in April if funding suspended by a number of countries does not resume, the head of the agency said today.

“We will hit a negative cashflow as from March and then it will be accelerated in April unless this frozen contribution is unlocked,” UNRWA head Philippe Lazzarini told Irish national broadcaster RTE before a meeting in Dublin with the country’s foreign minister.

Negative cashflow is when an organisation or business has more money outgoing than incoming, impacting its ability to sustain itself.

Israel has said UNRWA, which has helped Palestinians for more than 70 years, is not fit for purpose and major donors have suspended funding after allegations that 12 of UNRWA’s thousands of Palestinian employees were suspected of involvement in the October 7 Hamas attack on Israel that started the Gaza war.

Advertisement

Lazzarini said earlier this week that calls for UNRWA to be dismantled were short-sighted and terminating its mandate would deepen the humanitarian crisis in Gaza. — Reuters

Advertisement

These were the details of the news Palestinian relief agency faces cash crunch next month, chief says for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Biden says he’s no ‘lame duck’ in remaining six months of presidency, time to pass the torch to ‘younger voices’
NEXT US military raises alert level for Europe bases: reports

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]