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Economic monitoring report to the Ad Hoc Liaison Committee (English)

The main body of the report is organized in two chapters with three supporting annexes. Chapter one focuses on recent economic developments in the real, fiscal and banking sectors, while providing a near term outlook that highlights critical challenges facing the Palestinian economy. Chapter two provides input on a new vision for growth and job creation, with quantification of the potential gains. It contains critical messages for the GoI, the PA and the international donors on steps to create an environment conducive to the needed private sector investment. Annex one assesses the status of the World Bank recommendations to the AHLC meeting over the years, many of which relate to the constraints identified in chapter two. While there are developments, overall progress from the GoI and the PA has been minimal. Annex two provides an update on the disbursement of pledges made at the Cairo conference in October 2014 on reconstructing Gaza. Donor support by mid-July 2017, at 53 percent of Cairo conference pledges, had barely changed from the December 2016 position, and there are limited prospects of further contributions. Most of the gap can be attributed to the larger pledgers at the conference. Finally, annex three provides some methodological notes on the specifications of the CGE model and assumptions used to quantify the external and internal constraints.

Details

  • Document Date

    2017/09/18

  • Document Type

    Working Paper

  • Report Number

    119657

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Middle East and North Africa,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2017/09/11

  • Disclosure Status

    Disclosed

  • Doc Name

    Economic monitoring report to the Ad Hoc Liaison Committee

  • Keywords

    investment climate;banking system;labor force participation by gender;access to finance;Labor Market;Job Creation;small and medium enterprise;Cost of Doing Business;real per capita income;private sector activity;banking sector;Levels of Educational Attainment;increase in government expenditure;Central Bureau of Statistics;World Bank Group Strategy;real gross domestic product;financing of terrorism;land and water;cumulative growth;real gdp;Trade and Transport;governance and institutions;movement of good;revenue sharing arrangement;trade and transportation;source of financing;factor of production;export of goods;private investment;comparative advantage;business environment;political instability;credit exposure;trading partner;trade process;lump sum payment;energy and water;public sector institution;electricity transmission company;foreign direct investment;value added tax;power purchase agreement;Public Financial Management;independent power producer;investment climate assessment;customs clearance procedures;trade and investment;Private Sector Growth;general equilibrium analysis;reduction in budget;provision of service;supply of electricity;restrictions on trade;allocation of resource;movement of people;Civil Service Reform;public financial resource;high unemployment rate;movement of labor;public sector service;availability of infrastructure;middle income economy;engine of growth;reduction in unemployment;high growth rate;real estate development;financing development;general equilibrium model;access to land;law and regulation;absence of tariff;labor market outcome;cash transfer program;household survey data;external trade deficit;net factor income;independent trade policy;per capita term;common external tariff;living standard;political resolution;net lending;budget support;donor support;Violent Conflict;donor aid;correspondent banking;private consumption;Fiscal Reform;trade diversion;Doing Business Reports;peace process;regulatory environment;War;downside risk;public finance;Natural Resources;global market;small economy;trade agreement;arab countries;early retirement;monetary authority;productive activity;investment rate;domestic bank;internal environment;average duration;trade regulation;external restrictions;import control;political events;Business Regulation;government spending;existing business;legal reform;economic recovery;scarce resource;tobacco company;Wage Bill;liaison committee;severely limits;international standard;international donor;participation rate;gravity model;baseline scenario;private saving;welfare gains;income growth;informal payment;private capital;large utility;significant factor;consumer loan;foreign trade;limited prospects;government capacity;physical barrier;binding constraint;telecommunication service;customs territory;effective governance;petty corruption;food product;regulatory measure;security control;social unrest;full membership;administrative impediment;telecommunications market;private activity;liberal trade;transaction cost;donor funding;employee account;risk assessment;Energy Sector;financial inclusion;loan account;Terrorism Financing;Fiscal Expansion;money laundering;social consequence;foreign bank;consumer service;business legislation;inadequate infrastructure;skill mismatch;business survey;political status;financial risk;bank license;self-assessment process;public prosecutor;market entrant;credit concentration;long-term financing;contingent liabilities;contingent liability;regulatory obstacles;business enterprise;Tax Administration;financing facility;trade structure;higher collection;regional ecosystems;trade regime;alternative regime;customs union;Economic Policy;economic shock;harmonized system;social assistance;average trade;sustainable way;poverty datum;licensing arrangement;internal factor;youth unemployment;electricity crisis;fiscal position;storage fee;public resource;active participation;public debt;security risk;international community;capital increase;capital inflow

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Citation

Economic monitoring report to the Ad Hoc Liaison Committee (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/515891504884716866/Economic-monitoring-report-to-the-Ad-Hoc-Liaison-Committee