World Bank: Urgent action needed to avoid P.A. crisis

The World Bank called on donors to act “urgently” to prevent a “deepening fiscal crisis” in the Palestinian territories.

Israel also needs to remove barriers to developing the West Bank economy, the World Bank said.

In a statement about its report published this week on the Palestinian Authority’s economy, the World Bank called for “immediate donor action coupled with freeing of untapped West Bank resources.”

Yet “even with this financial support, sustainable economic growth cannot be achieved without a removal of the barriers preventing private sector development,” Mariam Sherman, World Bank country director for the West Bank and Gaza, said in the statement. — jta