Head of Palestinian central bank resigns
The head of the Palestine Authority's central bank resigned on Saturday, the office of Palestinian president Mahmud Abbas announced.
By Agencies |
RAMALLAH: The head of the Palestine Authority's central bank resigned on Saturday, the office of Palestinian president Mahmud Abbas announced.
The resignation of George Abed comes as Abbas's government is working with international donors to revitalise a local economy devastated by a seven-year-long uprising and widespread Israeli restrictions on movement. The president's office said Abed had tendered his resignation in order to tend to a sick child.
Abed, an independent technocrat, was appointed the bank's governor in April 2005, after a long career at the International Monetary Fund. The United States, the European Union, and Israel have pledged to help improve the West Bank economy ahead of a peace meeting slated for later this year aimed at reviving the Israeli-Palestinian peace process.
The resignation of George Abed comes as Abbas's government is working with international donors to revitalise a local economy devastated by a seven-year-long uprising and widespread Israeli restrictions on movement. The president's office said Abed had tendered his resignation in order to tend to a sick child.
Abed, an independent technocrat, was appointed the bank's governor in April 2005, after a long career at the International Monetary Fund. The United States, the European Union, and Israel have pledged to help improve the West Bank economy ahead of a peace meeting slated for later this year aimed at reviving the Israeli-Palestinian peace process.
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