fbpx

World Bank: Urgent action needed to avoid PA fiscal crisis

The World Bank called on donors to act “urgently” to prevent a “deepening fiscal crisis” in the Palestinian territories.
[additional-authors]
September 21, 2012

The World Bank called on donors to act “urgently” to prevent a “deepening fiscal crisis” in the Palestinian territories.

Israel also needs to remove barriers to developing the West Bank economy, the World Bank said.

In a statement about its report published this week on the PA’s economy, the World Bank called for “immediate donor action coupled with freeing of untapped West Bank resources.”

Yet, “even with this financial support, sustainable economic growth cannot be achieved without a removal of the barriers preventing private sector development,” Mariam Sherman, World Bank Country Director for the West Bank and Gaza.said in the statement.

She added this applied “especially” to Area C – a non-contiguous area which makes up 60% of the West Bank and is under full Israeli control. Approximately 5.8% of the Palestinian population of the West Bank lives in Area C. 

Entitled “Fiscal Crisis, Economic Prospects: The Imperative for Economic Cohesion in the Palestinian Territories”, the report highlights the untapped resources of the West Bank as a potential source of private sector growth.

Did you enjoy this article?
You'll love our roundtable.

Editor's Picks

Latest Articles

Print Issue: Got College? | Mar 29, 2024

With the alarming rise in antisemitism across many college campuses, choosing where to apply has become more complicated for Jewish high school seniors. Some are even looking at Israel.

More news and opinions than at a
Shabbat dinner, right in your inbox.

More news and opinions than at a Shabbat dinner, right in your inbox.

More news and opinions than at a Shabbat dinner, right in your inbox.