INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UNRWA may end services to refugees due to funding crunch

Refugees from Palestine, Jordan, Syria and Lebanon receive benefits from the UNRWA (Image Source - UNRWA twitter)
  • The Commissioner-General of UNRWA, Philippe Lazzarini said this in a message to Palestinian refugees
  • He explained that the annual shortfalls to the core program budget have regularly neared $100 million

United Nations Relief and Works Agency for Palestine Refugees (UNRWA) is facing a financial implosion for the last 10 years, which could cause an interruption or end of services to five million refugees.

The Commissioner-General of UNRWA, Philippe Lazzarini said this. Notably, refugees from Palestine, Jordan, Syria and Lebanon receive benefits from the UNRWA.

“Every year though, and especially in the last decade, you heard that UNRWA gets cash-strapped and near to implosion and then almost miraculously survives”, Lazzarini noted.

“It has become almost customary that a Commissioner-General must beg for help if we want the services to continue,” Lazzarini said in a message to Palestine refugees.

He explained that the annual shortfalls to the core program budget have regularly neared $100 million over the last years.

The resources available to UNRWA have stagnated, while the needs of Palestine refugees and the cost of operations keep increasing, he said.

There is a de-prioritization of the Palestinian issue due to changing geopolitical priorities and the emergence of new humanitarian crises, noted Lazzarini.

Coordinated campaigns by organizations that aim to delegitimize and defund the Agency and erode the rights of Palestine refugees have increased in frequency and aggressivity,” he said.

He stressed that UNRWA has so far succeeded to manage this chronic underfunding through continuous cost-control and austerity measures, to the point of exhausting them. “This is not sustainable,” he explained.

“In line with universal human rights, you have the right to receive basic services such as health, education and social protection through a social safety net”, said Lazzarini.