Arab aid for the Palestinian Authority plummeted by 85% in 2020, the New Arab reported Wednesday.
According to the report, while in the first seven months of 2019 Ramallah received $267 million from Arab states, this year's figure was a mere $38 million.
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Coupled with a slump in other foreign funding, this has resulted in PA's coffers shrinking by some 70%, the report said.
While the decline comes amid the coronavirus pandemic, the report noted that PA officials suspect it could be linked with the recent normalization accords between Israel and two Arab states.
PA Foreign Minister Riyad al-Maliki was cited as saying that Arab states have failed to live up to the decision to provide Ramallah with a financial safety net of some $100 million, ratified at various summits.
According to the the New Arab, US President Donald Trump told Israeli Prime Minister Benjamin Netanyahu that he urged the wealthy Arab nations to slash the funding for Palestinians.
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Earlier this week, the Palestinian Authority resigned its current chairmanship of Arab League meetings, condemning as "dishonorable" any Arab agreement to establish formal ties with Israel.
Palestinians see the accords which the United Arab Emirates and Bahrain signed with Israel in Washington a week ago as betrayal of their cause.
The PA was supposed to chair Arab League meetings for the next six months, but Foreign Minister Riyad al-Maliki told a news conference in Ramallah that it no longer wanted the position.
This article was first published by i24NEWS.
