Unemployment in Palestine was the highest in the world in 2017, at 27.4 percent, while half of Palestinians under 30 were unemployed.
As America makes one concession after another to Israel, is it any wonder Israel doesn't seek peace with the Palestinians?
Washington has long been the UN Relief and Works Agency's largest donor but is "no longer willing to shoulder the very disproportionate share of the burden," US State Department spokeswoman Heather Nauert said.
The United Nations agency dealing with Palestinian refugees, UNRWA, said it will open its schools in the Middle East as scheduled this month despite a deficit caused by a US funding cut.
Families and teachers are worried about whether schools will open at the end of August as the UNRWA has run out of money since the United States cut its funding.
The move to cut aid to UNRWA has put at risk the survival of 60,000 Palestinians living below the poverty line, and is likely to cause major social disruption within the refugee settlements of Lebanon.
The conference aims to boost support to the UN agency, which is facing a financial deficit affecting the agency's provision of basic services to millions of Palestinian refugees in Syria, Lebanon, Jordan, the West Bank and Gaza.
US President Trump threatened to cut aid to Palestinians, including UNRWA, in response to fury over Jerusalem. The US is the largest donor to UNRWA and ending its aid could have a particularly damaging effect in Gaza.
Benjamin Netanyahu made the statement two days after United Nations Relief and Works Agency said it had discovered part of a tunnel running under two of its schools in a refugee camp in the Gaza Strip.
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