UNESCO won't take on new projects this year (AP)

AP - UNESCO won't take on any new projects until the end of the year, an official said Thursday, after the U.S. pulled its substantial contributions from the U.N. cultural agency to protest its acceptance of Palestine as a member.

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• Palestine accepted into UNESCO. | MetaFilter


Good. My understanding is that this is entirely symbolic, yes? It quite literally affects nothing except to show that there is international support for Palestinian statehood.