Representatives of 50 countries convened to pledge funds to Hamas and the PLO. The Palestinians had hoped to receive $4 billion in pledges. They raised $5.4b.
Most of the money will be transferred to the PLO-controlled Palestinian Authority led by President Mahmoud Abbas. But at least $1b. will go directly to Hamas, from its primary financier, Qatar.
With its $1b. Hamas will be able to pay its terrorist operatives and rebuild its terrorist forces.
The air force revealed last week that Hamas is rebuilding its rocket arsenal already.
As for the money that will be transferred to Abbas, the billions in funding will give the PLO the money it needs to finance Abbas’s rapidly escalating political war against Israel in the international arena. At least some of the money will also go to Hamas, Abbas’s partner in the unity government. More