Gaza is still suffering “from a particularly difficult economic situation with very high unemployment and deteriorating social conditions”, the World Bank warned in areportthis week.
The report highlights the critical challenges facing the Palestinian economy in general and more specifically Gaza’s economic performance and development needs and will be presentedto the Ad Hoc Liaison Committee (AHLC)in Oslo on 17 November.
It highlights that though the occupied West Bank is seeing a “rebound” following the coronavirus pandemic and subsequent closures, “The economy still suffers from restrictions on movement, access, and trade– the biggest impediment to investment and access to markets,” Kanthan Shankar, World Bank country director for West Bank and Gaza, said.
World Bank MENA@WorldBankMENAThe #Palestinian Authority’s (PA) fiscal situation remains very challenging with expected deficit of US$1.36 billion in 2021. The…
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