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Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
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Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo

The Palestinian and US governments on Sunday announced the start of the US-Palestinian Economic Dialogue (USPED) to discuss current and future areas of economic cooperation.

The dialogue is scheduled to kick off on Monday. It is the fourth organized by the two sides since 2004 and the second under the current US administration.

USPED was interrupted under the Trump administration and then resumed in 2021 for the first time in five years.

A joint statement by the Palestinian and US governments said the economic dialogue is launched in light of US President Joe Biden’s commitment to achieving a two-state solution, including the existence of an independent, sovereign, and geographically connected state of Palestine, with freedom, security and prosperity for all.

USPED sessions will be chaired by Minister of National Economy Khaled al-Osaily on the Palestinian side, and Principal Deputy Assistant Secretary for the Bureau of Economic and Business Affairs at the State Department, Whitney Baird on the US side.

This senior-level dialogue will also bring together a wide range of agencies and ministries from the two governments.

Participants will discuss several crucial issues to advance the economic prosperity of the Palestinian people, increase the dynamism of the productive sectors, especially trade, industry, renewable energy, and financial issues.

They will also review the implementation of previous discussed key topics, including infrastructure development, access to US markets, US regulations, free trade, financial issues, renewable energy and environmental initiatives, connecting Palestinian and American businesses, and addressing obstacles to Palestinian economic development.

This year, the Palestinian government is going through its worst financial crisis since the establishment of the Palestinian Authority due to precipitous decline in foreign aid, Israel’s ongoing deduction of tax revenues, and the repercussions of confronting the COVID-19 pandemic.

In April 2021, Washington announced the Biden Administration's plan to resume various forms of aid to the Palestinians.

The administration provided more than $890 million in aid to the Palestinian people, including humanitarian aid and through UNRWA support.

As for the volume of trade exchange between Palestine and the US, it amounts to about $100 million.

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Syria Announces 200 Percent Public Sector Wage, Pension Increase

FILE PHOTO: Bundles of Syrian currency notes are stacked up as an employee counts money at Syrian central bank, in Damascus,Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
FILE PHOTO: Bundles of Syrian currency notes are stacked up as an employee counts money at Syrian central bank, in Damascus,Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
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Syria Announces 200 Percent Public Sector Wage, Pension Increase

FILE PHOTO: Bundles of Syrian currency notes are stacked up as an employee counts money at Syrian central bank, in Damascus,Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo
FILE PHOTO: Bundles of Syrian currency notes are stacked up as an employee counts money at Syrian central bank, in Damascus,Syria, January 12, 2025. REUTERS/Firas Makdesi/File Photo

Syria announced on Sunday a 200 percent hike in public sector wages and pensions, as it seeks to address a grinding economic crisis after the recent easing of international sanctions.

Over a decade of civil war has taken a heavy toll on Syria's economy, with the United Nations reporting more than 90 percent of its people live in poverty.

In a decree published by state media, interim President Ahmed al-Sharaa issued a "200 percent increase to salaries and wages... for all civilian and military workers in public ministries, departments and institutions.”

Under the decree, the minimum wage for government employees was raised to 750,000 Syrian pounds per month, or around $75, up from around $25, AFP reported.

A separate decree granted the same 200 percent increase to retirement pensions included under current social insurance legislation.

Last month, the United States and European Union announced they would lift economic sanctions in a bid to help the country's recovery.

Also in May, Syria's Finance Minister Mohammed Barnieh said Qatar would help it pay some public sector salaries.

The extendable arrangement was for $29 million a month for three months, and would cover "wages in the health, education and social affairs sectors and non-military" pensions, he had said.

Barnieh had said the grant would be managed by the United Nations Development Programme (UNDP), and covered around a fifth of current wages and salaries.

Syria has some 1.25 million public sector workers, according to official figures.