21:58 GMT +324 September 2018
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    Arab world must contribute to Palestinian financial reform -- G8

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    GLENEAGLES (Scotland), July 8 (RIA Novosti)-A source in the Russian delegation at the summit of the world's leading industrialized nations, the G8, said the Arab world must also contribute financially to reforms in Palestine.

    The source said that the financial burden should not fall on the G8 countries alone. "The Arab world mist also allocate certain funds to support Palestine," he said.

    According to the source, the G8 leaders agreed that $3 billion was needed to develop infrastructure and reform the Palestine National Authority's economy.

    The source said that James Wolfensohn, a former World Bank chairman and the current envoy to the Middle East of the quartet of mediators (the UN, EU, Russia and the UN), had given a report to the G8 on the establishment of a security system in Palestine, and how health-care and education projects were proceeding.

    The source also said that the summit had discussed the Great Middle East on Thursday evening, including the withdrawal of Syrian troops from Lebanon.

    The source added that the G8 leaders had agreed Lebanon had a chance to establish democracy in the country, which would help the development of business.

    The G8 summit in Gleneagles in Scotland concludes Friday.

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