Friday, February 11, 2005

Arafat's Money Maze - The Eclectic Econoclast

John Palmer, The Ecletic Econoclast, has a good post on Arafat's money maze.

Regarding the accountability issue that Palmer raises, Sheik Zayed saw the problem as well. A substantial amount of the UAE's transfers to the Palestinians was in kind. See, here, for example -- although the article shows things can still turn out badly, even worse perhaps, with in kind transfers. Let's hope conditions have changed since the article was written.

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