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Article: PALESTINE: PA ANNOUNCES TRANSPARENCY-ENHANCING FINANCIAL REFORMS.(Palestinian Authority )(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- January 26, 2003
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At the World Economic Forum's Annual Meeting 2003, Palestinian Authority officials said they are launching deep-seated financial and corporate
governance reforms designed to enhance transparency. Among the changes: next month, the Palestinian Authority will allow independent auditors, such as Standard and Poor's, to scrutinize its commercial assets and investments."All commercial assets and investments owned by the Palestinian National Authority (PNA) will be disclosed, managed and supervised in a manner consistent with international standards of transparency, accountability and good governance," vowed Salam Fayyad, Minister of Finance for the Palestinian ...