Reply #2

Arab states on Saturday pledged to provide the Palestinian Authority with $100 million each month as a back-up if Israel withholds tax revenues, official PA media said.

The decision was taken at the meeting of the Follow-up Committee for the Arab Peace Initiative in the Qatari capital on Saturday, PLO official Saeb Erekat told PA news agency Wafa.

He said President Mahmoud Abbas had made the request to the foreign ministers present to stave off financial crisis if Israel repeats past bars on tax revenues owed to the authority, which are collected by Israel on the PA's behalf.

Israel froze the transfer of tax revenues to the PA, amounting to around $100 million per month, twice in 2011, when Hamas and Fatah leaders agreed to end their four-year division.