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Will Palestinian private sector rescue national economy?

Business owners are trying to launch an initiative to lend the financially struggling Palestinian Authority as much as $200 million, but this effort has yet to take shape.
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RAMALLAH, West Bank — Some Palestinian business owners hope to help the Palestinian Authority (PA) out of its critical financial jam by putting together a loan of $150 million to $200 million for the next three months.

On July 4, the PA used bank loans to disburse 60% of the June salaries of government employees amid its ongoing financial crisis. It has been paying only partial salaries for months.

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