Thursday, September 27, 2012 | return to: news & features, international


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

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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


Posted by Jack Kessler
09/28/2012  at  12:34 PM
No one can fill a bucket with a hole in it

So long as the PA remains a kleptocracy, a government of thieves, there can never be an end to the PA’s fiscal crises.  We have had corrupt governments in the US too - the Nixon, Harding, and Grant administrations for instances - but we voted them out or impeached them.  The Palestinians do not have that luxury.

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