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Economic monitoring report to the ad hoc liaison committee (English)

This report covers two distinct subjects. Chapter I of the report, as has been the norm with the World Bank Ad Hoc Liaison Committee report, focuses on the assessment of recent macroeconomic and fiscal developments and government policies in West Bank and Gaza. Chapter II presents an analysis of Gaza's stark economic decline over the past 20 years and its human impact. It also presents a mix of policies that should ensure sustainable development of the Gaza strip and put an end to human suffering therein. The report also contains an annex which provides an overview of progress in meeting the pledges made for Gaza's reconstruction at the October 2014 Cairo Conference. Although the connection between the chapters of this report may not be obvious as they treat a diverse set of issues facing the Palestinian economy and public finances, together they provide insights into key policy and institutional development actions and reforms, which need to be taken by the Palestinian Authority, the Government of Israel, and the donor community to reverse the recent and worrisome slowdown in economic growth, to enable effective and efficient management of public finances in order to avoid a dangerous fiscal crisis and to support inclusive economic growth and poverty reduction.


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    Working Paper

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    Middle East and North Africa,

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    Middle East and North Africa,

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  • Doc Name

    Economic monitoring report to the ad hoc liaison committee

  • Keywords

    living standards, escrow, pledges, deficit, deposit, bank borrowing, economic growth, accounting, deposits, people, financing, stock, information system, domestic borrowing, interest, remittance, private credit, exchange, banking system, local governments, liquidity, tax collection, black market, recession, revenues, binding constraint, welfare, loan, tax, cash transfer, income tax, non-performing loans, pension system, pledge, beneficiaries, inflation, pension, enabling environment, budget, central bank, maturity, economic activity, foreign markets, withdrawals, labor market, oil prices, global economy, currency, local banks, export growth, disbursement, capital gains, public funds, finances, tax regime, registration fee, exchange rates, recurrent expenditures, monetary fund, tariff revenues, debt, markets, local government, financial flows, public finance, deposit insurance, domestic debt, loans, enterprises, tax collections, gross domestic product, real estate, monetary authority, finance, bank financing, donor support, domestic bank, taxes, banking sector, fiscal deficit, expenditure, transactions, cash economy, unemployment, international standards, equity, human capital, good, international trade, future, bank, government finance, returns, fiscal burden, soft loan, purchasing power, investor confidence, investment bank, repayment, expenditures, disbursements, current account deficit, institutional capacity, shares, market, political uncertainty, foreign exchange, treasury, infrastructure investments, insurance, currencies, government policies, trade sectors, goods, investor, recurrent deficit, security, bank loans, investment, share, investment climate, public finances, poverty, tariff, institutional development, revenue, borrowing, investments, lending, check, pension fund, exchange rate, remittances, arrears, employees



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Economic monitoring report to the ad hoc liaison committee (English). Washington, D.C. : World Bank Group.