Arabs twist tail of IMF to get PLO observer seat

Kuwait and Saudi Arabia informed the International Monetary Fund Saturday they will not provide any new loans unless the Palestine Liberation Organization is admitted as an observer at the fund's annual meeting. The IMF is scheduled to hold its annual meeting in Washington later this month and the United States has proposed that observer status be restricted to those that were present last year, which would rule out the PLO. Reports from Saudi Arabia, not officially confirmed, said the desert kingdom is also freezing a planned loan of $420 million to the World Bank because of the PLO dispute.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK