Madrid (EFE).- Twelve countries, most of them European, announced Friday the creation of an Emergency Coalition for the Financial Sustainability of the Palestinian Authority (PA) in response to what they described as an “unprecedented financial crisis” threatening its ability to govern.
The initiative seeks to preserve the PA’s role in maintaining peace, stability, and security in the region while advancing the two-state solution.
Spain’s Foreign Ministry confirmed in a statement that the coalition was launched by Spain, Belgium, Denmark, France, Iceland, Ireland, Japan, Norway, Saudi Arabia, Slovenia, Switzerland, and the United Kingdom.
The group said its priority is to “stabilize the finances of the Palestinian Authority and preserve its ability to govern, provide essential services and maintain security,” calling these elements “indispensable for regional stability and the two-state solution.”
The coalition urged other states and international organizations to join the effort, describing contributions to the PA as “an investment in peace, stability and security for Palestinians, Israelis and the region as a whole.”
Financial commitments and long-term approach
According to Spain, the founding members have already made “important financial contributions” and pledged “ sustained support” to the initiative.
“Our collective commitment demonstrates the broad international consensus on the need to prevent the collapse of the Palestinian Authority and to defend the foundations of peace,” the Spanish Foreign Ministry said.
The group stressed that short-term aid alone will not be sufficient.
Instead, they pledged to promote a “sustainable, predictable and coordinated” approach involving international financial institutions and key partners to mobilize resources, strengthen governance, and back ongoing economic reforms.
Transparency and accountability will be central to the mechanism, the statement added.
Coalition calls on Israel to release Palestinian revenues
The ministers also demanded that Israel “immediately release all Palestinian revenues” and halt any actions that could obstruct or weaken the PA or risk its collapse.
The move comes amid growing concerns that the PA’s financial instability could undermine regional security.
“Our collective commitment demonstrates the broad international consensus on the need to prevent the collapse of the Palestinian Authority and to defend the foundations of peace,” the Spanish Foreign Ministry said.
The group stressed that short-term aid alone will not be sufficient.
Instead, they pledged to promote a “sustainable, predictable, and coordinated” approach involving international financial institutions and key partners to mobilize resources, strengthen governance and back ongoing economic reforms.
“This coalition is not just about financial support; it is about safeguarding peace and preventing further destabilization,” the statement noted.
The coalition reaffirmed its commitment to advancing the two-state solution and invited broader international participation to reinforce what it called a “shared investment in regional stability.” EFE
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