As U.S. President Donald Trump prepares to reveal his "Deal of the Century", the Arab League has pledged to donate a significant amount of money to the Palestinian Authority each month to make up for Israel's deduction of tax revenues on behalf of Palestine.
The Arab League Council pledged US$100 million per month to the Palestinian Authority (PA) in order to make up for the tax revenues that were withheld by Israel over a long duration.
The US$100 million is the set amount that was supposed to be paid as stipends to the families of Palestinians killed or imprisoned by Israel.
The Arab League Council made this pledge in response to Israel's move in mid-February to deduct US138 million from the tax revenues it collects on behalf of the Palestinian Authority under the Oslo Agreement.
During the last session of the Arab League Council meeting in Cairo on Sunday, the Arab ministers made the pledge to the Palestinian Authority as part of the organization's continued support for the Palestinian cause.
In his address on Sunday, the leader of the Palestinian Authority, President Mahmoud Abbas, said that there needs to be consensus among the Arab states to reject U.S. President Donald Trump's "Deal of the Century" peace plan. He added that "the Arabs need to be engaging actively at this critical time."
According to Maan News, the council stressed that Arab countries which endorsed the peace initiative of 2002 cannot accept any plan or deal that does not go in line with international law.
Furthermore, the Arab League Council said any “such a deal would not succeed in achieving lasting and comprehensive peace in the Middle East if it did not guarantee the legitimate rights of the Palestinian people, first and foremost their right to self-determination and the establishment of an independent and sovereign state on 1967 borders with East Jerusalem as its capital.”