Palestinians’ UN Statehood Effort Puts Their Economy in Jeopardy

The Palestinians’ economy may fall apart if Israel retaliates against their bid for statehood at the United Nations by withholding revenue collected on their behalf, economic adviser Mohammad Mustafa said.

The danger of financial collapse won’t deter Palestinian Authority President Mahmoud Abbas from seeking full UN membership from the Security Council, said Mustafa, head of the Palestine Investment Fund and a senior Abbas adviser.