Jewish state receives $2.775 billion as part of agreement granting it $30 billion in coming decade; Palestinians get $500 million for first time
Yitzhak Benhorin Published: 12.18.09, 22:28 / Israel News
WASHINGTON – US President Barack Obama this week signed the 2010 foreign aid budget law which includes $2.775 billion in security aid to Israel. This is the second year the budget is transferred to the Jewish state as part of understandings that the American assistance to Israel in the coming decade will total $30 billion.
The approved budget comprises, for the first time, $500 million in aid to the Palestinian Authority, including $100 million for the training of Palestinian security forces by American general Keith Dayton.
The aid will be handed over to the Palestinians under the condition that the American taxpayers’ money will only be transferred to a Palestinian government whose members accept the conditions of the international Quartet – the United States, Russia, the European Union and the United Nations. The conditions include recognizing Israel, renouncing violence and accepting past agreements signed with the Jewish state.
For the first time, the American foreign aid budget law includes a clause forbidding American export and import banks to use the aid funds for providing guarantees, insurance or credit to companies sullying refined oil to Iran.
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