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.
West Bank and Gaza: At a GlanceThe 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.
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
February 13, 2017
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
The Israeli-Palestinian peace process remains stalled and it is unclear whether renewed international peace efforts will gain momentum. With domestic political reconciliation deadlocked, the outlook for parliamentary elections is uncertain amid strained security conditions. Reconstruction in Gaza appears to have gathered pace since late 2015, although the humanitarian situation there remains severe.
September 7, 2016
July 25, 2016
Regional Economic Outlook
Middle East, North Africa, Afghanistan, and Pakistan
Deepening conflicts, low oil prices, and spillovers from the slowdowns in Russia and China continue to weigh on economic growth in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) and the Caucasus and Central Asia (CCA) regions. Read the report