Skip to main content

Palestinian Finance Minister Resigns Amid Cash Crisis

Minister of Finance Nabil Qassis found himself cornered and unable to deliver proposed reforms to address the Palestinian Authority’s financial crisis, writes Daoud Kuttab.
qassiscartoon 1.jpg

Khalil Abu Arafeh’s cartoon, which ran in the Sunday, March 3 edition of the leading Palestinian newspaper Al Quds, left no doubt as to the reason behind the resignation of Nabil Qassis, the Palestinian minister of finance. Abu Arafeh showed an empty safe, with Prime Minister Salam Fayyad’s hands folded next to the empty cash box.

But while the absence of cash is probably the main cause for Qassis' resignation, the only report about it in the Palestinian media — on the Ma’an news agency’s website — drew a more complicated picture. According to the Bethlehem-based online news agency, Fayyad accepted the resignation and commended Qassis for his efforts, but President Mahmoud Abbas refused to accept the resignation and asked his chief of staff to convince the minister to withdraw it.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.