OSLO, Norway (CHATNEWSTV) — Norway has transferred $420 million in clearance revenues to the Palestinian government, facilitating payment for electricity and fuel expenses, Foreign Minister Espen Barth Eide announced Sunday.
“I am very pleased that Norway, based on an understanding between the Palestinian and Israeli governments, is transferring this amount to support essential services for the Palestinian population,” Eide said.
Temporary Revenue Arrangement
Since February 2024, Norway has managed a temporary arrangement between the Palestinian and Israeli governments. Under this framework, a portion of the clearance revenues collected by Israel on behalf of Palestine has been deposited in a Norwegian account. These funds are now being used to help the Palestinian government maintain critical services.
The $420 million transfer will allow the Palestinian Authority to cover electricity and petroleum costs, ensuring salaries for public employees are paid and vital services like healthcare and education remain operational.
Economic Crisis in Palestine
Palestine is facing its most severe economic downturn in history. Norway, as the chair of the Ad Hoc Liaison Committee (AHLC) donor group for Palestine, has been working with the Palestinian government, international donors, and other partners to support and strengthen Palestinian institutions.
“It is crucial for the Palestinians that the government has the funds to operate and can provide basic services to the population,” Eide said. “Strengthening Palestinian institutions is also a prerequisite for advancing the political process and achieving a two-state solution.”
The financial transfer underscores Norway’s continued role in fostering cooperation and stability in the region, aiming to alleviate economic hardships while maintaining the foundation for a sustainable peace process.
