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US announces Israel began restarting transfer of tax revenues to PA

Israel has agreed to restart the transfer of tax revenues to the Palestinian Authority (PA) which will be used to support essential services and strengthen the economy of the occupied West Bank, the US announced on Tuesday.

Under interim peace accords reached in the 1990s, Israel's finance ministry collects taxes on behalf of the Palestinians and makes monthly transfers to the PA. But no payments have taken place since November, following the start of Israel's war on Gaza.

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Israel resumes tax revenue transfers to Palestinian Authority, US announces

US Treasury Secretary Janet Yellen in a meeting organised by the American Chamber of Commerce, in Sao Paulo, Brazil, on 27 February 2024.