Palestinians Poorer
World Economy

Palestinians Poorer

As Palestinians welcome the raising of the Palestinian flag at the United Nations as a symbol of an emerging state, the economic news from the West Bank and Gaza Strip was troubling. For the third year in a row, Palestinians are getting poorer, according to a new report by the World Bank. The report blames reduced aid from the international community, suspension of revenue payments that Israel illegally collects instead of the Palestinian Authority, and the ongoing restrictions by Israel. “The key point is that the current situation is not sustainable,” Steen Lau Jorgensen, World Bank Country Director for the West Bank and Gaza told The Media Line. “This is a recipe for a crisis about to happen, and even though there is no political horizon for a peace deal, a lot can be done.” In the Gaza Strip, there has been almost no reconstruction of the thousands of homes destroyed and damaged during last summer’s assault by the Israelis. Donors in Cairo promised $3.5 billion to help rebuild Gaza, but just over one-third of that has come through.

Short URL : https://goo.gl/uvYVXn
  1. https://goo.gl/f9pVPx
  • https://goo.gl/K6Dppk
  • https://goo.gl/L4RryS
  • https://goo.gl/aEZYzG
  • https://goo.gl/0Hj1Yv

You can also read ...

Mexico Hit by Major Bribery Scandal
Mexico is the latest country caught up in the swirling scandal...
Catalan regional vice-President and chief of Economy and Finance, Oriol Junqueras (2ndL), Spain’s King Felipe VI (7thL), Spanish Prime Minister Mariano Rajoy (6thL), President of Catalonia Carles Puigdemont (9thR), Spanish vice-President of the Government and Minister of the Presidency and of the Regional Administrations Soraya Saenz de Santamaria (5thL), Barcelona’s mayor Ada Colau (8thR), President of the Catalan parliament Carme Forcadell (4thL) and officials observe a minute of silence for the victims o
European stocks continued to trade deep into the red on Friday...
Pan-European stocks were down on Friday following falls in Asian and US stocks overnight.
European stocks continued to trade deep into the red on Friday...
Malaysia GDP grew 5.8% year-on-year in the second quarter.
Malaysia’s economic growth accelerated unexpectedly to the...
The economy is on track to meet full-year target growth.
The Philippine economy grew by 6.5% in the three months to...
Indonesia’s First Trade Deficit in 19 Months
Indonesia posted its first trade deficit since late 2015 in...
Taiwan Raises GDP Growth
Solid demand for the components Taiwan pumps out for tech...
The Industrial and Commercial Bank of China
Chinese banks are set to see a slowdown in lending growth in...