Gaza ‘undergone deindustrialization’ as a result of the Israeli siege, World Bank warns

altahrir, news of Islam, Muslims, Arab Spring and special Palestine

An Aid worker provides food assistance to a Palestinian boy on 14 January 2021 [Ashraf Amra/ApaImages]
An aid worker provides food assistance to a Palestinian boy on 14 January 2021

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@WorldBankMENA
The #Palestinian Authority’s (PA) fiscal situation remains very challenging with expected deficit of US$1.36 billion in 2021. The…

View original post 249 more words

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.