This web page provides information on the activities of our office, views of IMF staff, and the relations between West Bank and Gaza and the IMF. Our latest report is available here.

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West Bank and Gaza: At a Glance

The office of the IMF Resident Representative for the West Bank and Gaza was established in July 1995, to help fulfill the IMF’s mandate to assist the Palestinian Authority as specified under the Oslo Accords. While the IMF cannot provide financial support to WBG (because it is not a member state), it has been providing policy advice in the macroeconomic, fiscal, and financial areas since 1994. The IMF has also been providing technical assistance to support capacity building in the areas of tax administration, public expenditure management, banking supervision and regulation, and macroeconomic statistics. More recently, IMF staff worked with the Palestinian Authority to develop the Palestinian Reform and Development Plan presented at the Paris Donors’ Conference in 2007 and its successor Palestinian National Development Plan, published in 2011. The IMF’s staff reports review progress in implementing these plans, with a focus on the macroeconomic and fiscal areas.

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Office Activities

  • Report to the Ad Hoc Liaison Committee

    Mounting political frictions are overshadowing attempts to revive peace talks. Details of a path forward on the peace process remain elusive and attention has shifted to preventing further violence after tensions flared in July. Domestic political frictions have deepened and Hamas did not participate in the May 2017 municipal elections in the West Bank. The difficult decision by the PA to reduce expenditures in Gaza has intensified tense domestic relations amid regional complexities. Read More

    September 11, 2017

  • Press Release: IMF Staff Concludes Visit to West Bank and Gaza

    July 24, 2017

  • West Bank and Gaza: Report to the Ad Hoc Liaison Committee

    The peace process looks increasingly vulnerable. In January, the international community reaffirmed its support to the two-state solution at the Paris Conference, although the position of the new U.S. administration is perceived as less clear. While a United Nations Security Council resolution condemned settlement activity, Israel stepped up settlement approvals in early 2017. The domestic situation remains unsettled, with municipal elections planned for May in the West Bank.

    April 18, 2017

  • IMF Staff Concludes Visit to West Bank and Gaza (العربية)

    February 13, 2017

  • Stalled Peace Process Clouds Growth Prospects for the West Bank and Gaza

    The Palestinian economy has long labored under the weight of political and security uncertainty, so achieving a real improvement in the economy requires fundamental change.

    September 19, 2016

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Regional Economic Outlook

REGIONAL ECONOMIC OUTLOOK

Middle East, North Africa, Afghanistan, and Pakistan

April 2017

A more favorable global environment is helping to improve economic prospects in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) and Caucasus and Central Asia (CCA) regions, although growth prospects remain subdued.
To improve growth and boost living standards, countries in the MENAP region face an ongoing need to enact strong and lasting structural reforms, while consolidating their fiscal positions.
While growth is improving in the CCA, growth levels are still half of what they were during the last decade. Like MENAP, the CCA is facing a number of structural reform priorities, including repairs to its vulnerable financial sector.
Read the report