Economic Monitoring Report to the Ad Hoc Liaison Committee
Palestinians are getting poorer on average for the third year in a row. As evidenced in previous World Bank reports, the competitiveness of the Palestinian economy has been progressively eroding since the signing of the Oslo accords, in particular...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/09/25081078/economic-monitoring-report-ad-hoc-liaison-committee-vol-2-main-report http://hdl.handle.net/10986/22721 |
| id |
okr-10986-22721 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-227212021-04-23T14:04:10Z Economic Monitoring Report to the Ad Hoc Liaison Committee World Bank DEFICIT MONETARY POLICY PLEDGES GOVERNMENT EXPENDITURES EQUIPMENT ECONOMIC GROWTH ACCOUNTING DEPOSITS STOCK PRIVATE LENDING VALUATION FISCAL DEFICITS DOMESTIC BORROWING GOVERNMENT INVESTMENTS PUBLIC INVESTMENTS FINANCIAL DISTRESS PRIVATE CREDIT EXCHANGE GOVERNMENT REVENUES BANKING SYSTEM LOCAL GOVERNMENTS LIQUIDITY DEVELOPING COUNTRIES TAX COLLECTION REVENUES MORTGAGE CAPACITY BUILDING TAX SYSTEMS TAX CASH TRANSFER INCOME TAX NON-PERFORMING LOANS PENSION SYSTEM PLEDGE BENEFICIARIES INFLATION PENSION DEFICIT FINANCING POLITICAL RISKS BUDGET CENTRAL BANK HEALTH SECTOR INVESTMENT SPENDING CURRENCY LOCAL BANKS GOVERNMENT POLICY DISBURSEMENT PARTIAL CREDIT PORTFOLIOS PUBLIC FUNDS FINANCES EXCHANGE RATES RECURRENT EXPENDITURES INDIRECT COSTS DEBT MARKETS PRIVATE INVESTMENT LOCAL GOVERNMENT DEFICITS INTERNATIONAL DEVELOPMENT PUBLIC FINANCE BUDGET DEFICIT BUDGET DEFICITS INCOME LEVELS LOANS TAX COLLECTIONS REGULAR PAYMENTS LEGAL FRAMEWORK MONETARY AUTHORITY FINANCE BANK FINANCING DOMESTIC BANK PUBLIC INVESTMENT TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE INTERNATIONAL STANDARDS EQUITY INVESTORS REGULATORY FRAMEWORKS GOOD TAX RATE FUTURE PENSIONS FISCAL BURDEN FIXED CAPITAL BUDGETS PUBLIC EXPENDITURES GOVERNMENT REVENUE EXPENDITURES DISBURSEMENTS PROPERTY CURRENT ACCOUNT DEFICIT LOCAL GOVERNMENT REVENUES INSTITUTIONAL CAPACITY MARKET POLITICAL UNCERTAINTY CREDIT GUARANTEE TREASURY SOLVENCY REFORM AGENDA INSURANCE CURRENCIES ECONOMIC DEVELOPMENT TRADE SECTORS GOODS RECURRENT DEFICIT SECURITY INVESTMENT DOMESTIC ARREARS SHARE PUBLIC FINANCES POVERTY LENDING PORTFOLIOS PRIVATE INVESTORS DECENTRALIZATION REVENUE PROFIT INVESTMENTS LENDING CHECK TRUST FUND PENSION FUND EXCHANGE RATE PUBLIC SPENDING CAPITAL INVESTMENT COMMODITY PRICES LIABILITIES ARREARS CREDIT HISTORY GUARANTEE Palestinians are getting poorer on average for the third year in a row. As evidenced in previous World Bank reports, the competitiveness of the Palestinian economy has been progressively eroding since the signing of the Oslo accords, in particular its industry and agriculture. Even though donor aid had increased government-funded services and fueled consumption-driven growth during 2007 to 2011, this growth model has proved unsustainable. Donor support has significantly declined in recent years and, in any case, aid cannot sustainably make up for inadequate private investment. Thus, growth has started to slow since 2012 and the Palestinian economy contracted in 2014 following the Gaza war. In early 2015, GDP was still lower than it was a year ago. Due to population growth, real GDP per capita has been shrinking since 2013. Unemployment remains high, particularly amongst Gaza’s youth where it exceeds 60 percent, and 25 percent of Palestinians currently live in poverty. Against the backdrop of weak economic growth, reduced donor aid, and temporary suspension of revenue payments by the Government of Israel (GoI), the Palestinian Authority’s reform efforts have not been able to prevent another year with a financing gap. The persistence of this situation could potentially lead to political and social unrest. In short, the status quo is not sustainable and downside risks of further conflict and social unrest are high. 2015-10-06T20:20:12Z 2015-10-06T20:20:12Z 2015-09-30 Report http://documents.worldbank.org/curated/en/2015/09/25081078/economic-monitoring-report-ad-hoc-liaison-committee-vol-2-main-report http://hdl.handle.net/10986/22721 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling West Bank and Gaza |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
DEFICIT MONETARY POLICY PLEDGES GOVERNMENT EXPENDITURES EQUIPMENT ECONOMIC GROWTH ACCOUNTING DEPOSITS STOCK PRIVATE LENDING VALUATION FISCAL DEFICITS DOMESTIC BORROWING GOVERNMENT INVESTMENTS PUBLIC INVESTMENTS FINANCIAL DISTRESS PRIVATE CREDIT EXCHANGE GOVERNMENT REVENUES BANKING SYSTEM LOCAL GOVERNMENTS LIQUIDITY DEVELOPING COUNTRIES TAX COLLECTION REVENUES MORTGAGE CAPACITY BUILDING TAX SYSTEMS TAX CASH TRANSFER INCOME TAX NON-PERFORMING LOANS PENSION SYSTEM PLEDGE BENEFICIARIES INFLATION PENSION DEFICIT FINANCING POLITICAL RISKS BUDGET CENTRAL BANK HEALTH SECTOR INVESTMENT SPENDING CURRENCY LOCAL BANKS GOVERNMENT POLICY DISBURSEMENT PARTIAL CREDIT PORTFOLIOS PUBLIC FUNDS FINANCES EXCHANGE RATES RECURRENT EXPENDITURES INDIRECT COSTS DEBT MARKETS PRIVATE INVESTMENT LOCAL GOVERNMENT DEFICITS INTERNATIONAL DEVELOPMENT PUBLIC FINANCE BUDGET DEFICIT BUDGET DEFICITS INCOME LEVELS LOANS TAX COLLECTIONS REGULAR PAYMENTS LEGAL FRAMEWORK MONETARY AUTHORITY FINANCE BANK FINANCING DOMESTIC BANK PUBLIC INVESTMENT TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE INTERNATIONAL STANDARDS EQUITY INVESTORS REGULATORY FRAMEWORKS GOOD TAX RATE FUTURE PENSIONS FISCAL BURDEN FIXED CAPITAL BUDGETS PUBLIC EXPENDITURES GOVERNMENT REVENUE EXPENDITURES DISBURSEMENTS PROPERTY CURRENT ACCOUNT DEFICIT LOCAL GOVERNMENT REVENUES INSTITUTIONAL CAPACITY MARKET POLITICAL UNCERTAINTY CREDIT GUARANTEE TREASURY SOLVENCY REFORM AGENDA INSURANCE CURRENCIES ECONOMIC DEVELOPMENT TRADE SECTORS GOODS RECURRENT DEFICIT SECURITY INVESTMENT DOMESTIC ARREARS SHARE PUBLIC FINANCES POVERTY LENDING PORTFOLIOS PRIVATE INVESTORS DECENTRALIZATION REVENUE PROFIT INVESTMENTS LENDING CHECK TRUST FUND PENSION FUND EXCHANGE RATE PUBLIC SPENDING CAPITAL INVESTMENT COMMODITY PRICES LIABILITIES ARREARS CREDIT HISTORY GUARANTEE |
| spellingShingle |
DEFICIT MONETARY POLICY PLEDGES GOVERNMENT EXPENDITURES EQUIPMENT ECONOMIC GROWTH ACCOUNTING DEPOSITS STOCK PRIVATE LENDING VALUATION FISCAL DEFICITS DOMESTIC BORROWING GOVERNMENT INVESTMENTS PUBLIC INVESTMENTS FINANCIAL DISTRESS PRIVATE CREDIT EXCHANGE GOVERNMENT REVENUES BANKING SYSTEM LOCAL GOVERNMENTS LIQUIDITY DEVELOPING COUNTRIES TAX COLLECTION REVENUES MORTGAGE CAPACITY BUILDING TAX SYSTEMS TAX CASH TRANSFER INCOME TAX NON-PERFORMING LOANS PENSION SYSTEM PLEDGE BENEFICIARIES INFLATION PENSION DEFICIT FINANCING POLITICAL RISKS BUDGET CENTRAL BANK HEALTH SECTOR INVESTMENT SPENDING CURRENCY LOCAL BANKS GOVERNMENT POLICY DISBURSEMENT PARTIAL CREDIT PORTFOLIOS PUBLIC FUNDS FINANCES EXCHANGE RATES RECURRENT EXPENDITURES INDIRECT COSTS DEBT MARKETS PRIVATE INVESTMENT LOCAL GOVERNMENT DEFICITS INTERNATIONAL DEVELOPMENT PUBLIC FINANCE BUDGET DEFICIT BUDGET DEFICITS INCOME LEVELS LOANS TAX COLLECTIONS REGULAR PAYMENTS LEGAL FRAMEWORK MONETARY AUTHORITY FINANCE BANK FINANCING DOMESTIC BANK PUBLIC INVESTMENT TAXES BANKING SECTOR FISCAL DEFICIT EXPENDITURE INTERNATIONAL STANDARDS EQUITY INVESTORS REGULATORY FRAMEWORKS GOOD TAX RATE FUTURE PENSIONS FISCAL BURDEN FIXED CAPITAL BUDGETS PUBLIC EXPENDITURES GOVERNMENT REVENUE EXPENDITURES DISBURSEMENTS PROPERTY CURRENT ACCOUNT DEFICIT LOCAL GOVERNMENT REVENUES INSTITUTIONAL CAPACITY MARKET POLITICAL UNCERTAINTY CREDIT GUARANTEE TREASURY SOLVENCY REFORM AGENDA INSURANCE CURRENCIES ECONOMIC DEVELOPMENT TRADE SECTORS GOODS RECURRENT DEFICIT SECURITY INVESTMENT DOMESTIC ARREARS SHARE PUBLIC FINANCES POVERTY LENDING PORTFOLIOS PRIVATE INVESTORS DECENTRALIZATION REVENUE PROFIT INVESTMENTS LENDING CHECK TRUST FUND PENSION FUND EXCHANGE RATE PUBLIC SPENDING CAPITAL INVESTMENT COMMODITY PRICES LIABILITIES ARREARS CREDIT HISTORY GUARANTEE World Bank Economic Monitoring Report to the Ad Hoc Liaison Committee |
| geographic_facet |
West Bank and Gaza |
| description |
Palestinians are getting poorer on
average for the third year in a row. As evidenced in
previous World Bank reports, the competitiveness of the
Palestinian economy has been progressively eroding since the
signing of the Oslo accords, in particular its industry and
agriculture. Even though donor aid had increased
government-funded services and fueled consumption-driven
growth during 2007 to 2011, this growth model has proved
unsustainable. Donor support has significantly declined in
recent years and, in any case, aid cannot sustainably make
up for inadequate private investment. Thus, growth has
started to slow since 2012 and the Palestinian economy
contracted in 2014 following the Gaza war. In early 2015,
GDP was still lower than it was a year ago. Due to
population growth, real GDP per capita has been shrinking
since 2013. Unemployment remains high, particularly amongst
Gaza’s youth where it exceeds 60 percent, and 25 percent of
Palestinians currently live in poverty. Against the backdrop
of weak economic growth, reduced donor aid, and temporary
suspension of revenue payments by the Government of Israel
(GoI), the Palestinian Authority’s reform efforts have not
been able to prevent another year with a financing gap. The
persistence of this situation could potentially lead to
political and social unrest. In short, the status quo is not
sustainable and downside risks of further conflict and
social unrest are high. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Economic Monitoring Report to the Ad Hoc Liaison Committee |
| title_short |
Economic Monitoring Report to the Ad Hoc Liaison Committee |
| title_full |
Economic Monitoring Report to the Ad Hoc Liaison Committee |
| title_fullStr |
Economic Monitoring Report to the Ad Hoc Liaison Committee |
| title_full_unstemmed |
Economic Monitoring Report to the Ad Hoc Liaison Committee |
| title_sort |
economic monitoring report to the ad hoc liaison committee |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/09/25081078/economic-monitoring-report-ad-hoc-liaison-committee-vol-2-main-report http://hdl.handle.net/10986/22721 |
| _version_ |
1764451926591668224 |