The World Bank’s latest Economic Monitoring Report stresses that while the donor community’s efforts are directed towards short-term relief for Palestinian fiscal stress, it is important to recognize that the prolonged system of closures and restrictions is causing lasting damage to the competitiveness of the Palestinian economy.
The report analyzes the state of the Palestinian economy and the PA’s fiscal position. The Bank’s analysis of the prospects for an economically viable Palestinian State in the near future remains largely unchanged: Palestinian institutions have the required capacity to exercise state functions, but Israeli-imposed economic restrictions continue to constrain sustainable economic growth.
This situation is unlikely to change as long as political progress remains absent. This latest report, however, offers new analysis by exploring the long-term damage to the competitiveness of the Palestinian economy wrought by the worsening fiscal situation and the absence of political progress.
Press Release
http://www.worldbank.org/en/news/press-release/2013/03/11/palestinian-economy-losing-long-term-competitiveness
Full Report - 30 pages
http://siteresources.worldbank.org/INTWESTBANKGAZA/Resources/AHLCMarchfinal.pdf
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