Palestinian relief agency faces cash crunch next month, chief says during Dublin visit

israel-hamas
Palestinian Relief Agency Faces Cash Crunch Next Month, Chief Says During Dublin Visit
UNRWA head Philippe Lazzarini is in Dublin for a meeting with Minister for Foreign Affairs Micheál Martin. Photo: AFP via Getty
Share this article

Thomson Reuters

UNRWA, the UN agency for Palestinians, faces a cash crunch next month and its financial problems will accelerate in April if funding suspended by a number of countries does not resume, the head of the agency said on Thursday.

"We will hit a negative cashflow as from March and then it will be accelerated in April unless this frozen contribution is unlocked," UNRWA head Philippe Lazzarini told RTÉ before a meeting in Dublin with Minister for Foreign Affairs Micheál Martin.

Advertisement

Negative cashflow is when an organisation or business has more money outgoing than incoming, impacting its ability to sustain itself.

Israel has said UNRWA, which has helped Palestinians for more than 70 years, is not fit for purpose and major donors have suspended funding after allegations that 12 of UNRWA's thousands of Palestinian employees were suspected of involvement in the October 7th Hamas attack on Israel that started the Gaza war.

Mr Lazzarini said earlier this week that calls for UNRWA to be dismantled were short-sighted and terminating its mandate would deepen the humanitarian crisis in Gaza.

Read More

Message submitting... Thank you for waiting.

Want us to email you top stories each lunch time?

Download our Apps
© BreakingNews.ie 2024, developed by Square1 and powered by PublisherPlus.com