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The Dome of the Rock

The Dome of the Rock.

Resident Representative Office in West Bank and Gaza

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.

News — Highlights

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West Bank and Gaza: Report to the Ad-hoc Liaison Committee

September 12, 2014 click for more

West Bank and Gaza: Report on Macroeconomic Developments and Outlook

June 30, 2014 click for more

Between a Rock and a Hard Place – Recent Economic Developments in the Palestinian Economy (February 19, 2014)

The economy in the West Bank and Gaza was weaker than expected in 2013 and the outlook depends heavily on the outcome of the peace talks. In this presentation for the Palestine Economic Policy Research Institute (MAS), Udo Kock, Resident Representative for the International Monetary Fund, discusses recent economic developments and the policy challenges that lie ahead. click for more

West Bank and Gaza: Staff Report

Prepared for the September 2013 Meeting of the Ad Hoc Liaison Committee; September 11, 2013 click for more

West Bank and Gaza: Selected Issues

September 11, 2013 click for more

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West Bank and Gaza and the IMF

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West Bank and Gaza: Report on Macroeconomic Developments and Outlook

June 30, 2014 click for more

Statement at the Conclusion of an IMF Mission to the West Bank and Gaza

An International Monetary Fund team led by Mr. Christoph Duenwald, the Mission Chief for the West Bank and Gaza, visited East Jerusalem & Ramallah during January 28-February 6, 2014, to assess recent economic developments in the West Bank and Gaza and the financial situation of the Palestinian Authority. click for more

Statement at the Conclusion of an IMF Mission to the West Bank and Gaza

A team from the International Monetary Fund (IMF) led by Christoph Duenwald visited East Jerusalem and Ramallah during June 24-July 2, 2013, to assess recent economic developments in the West Bank and Gaza, and the financial situation of the Palestinian Authority. click for more

Recent Experience and Prospects of the Economy of the West Bank and Gaza (Brussels, March 19, 2013)

Staff Report Prepared for the Meeting of the Ad Hoc Liaison Committee. click for more

Recent Experience and Prospects of the Economy of the West Bank and Gaza (New York, September 23, 2012)

Staff Report Prepared for the Meeting of the Ad Hoc Liaison Committee click for more

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Regional Economic Outlook Update: Middle East & Central Asia

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Growth has been tepid across the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) region. In 2013, declines in oil production held back growth in the oil-exporting countries. Weak private investment, amid political transitions and conflict, continued to take a toll on economic activity in the oil-importing countries. Growth is expected to strengthen this year in line with an improved global outlook. However, weak confidence and, in some cases, large public deficits will continue to weigh on the region's economic prospects. Deeper economic transformations are necessary to ensure robust and inclusive growth and creation of enough jobs for the rapidly-growing labor force.

Economic growth in the Caucasus and Central Asia (CCA) is expected to decline from 6.5 percent in 2013 to 6 percent in 2014, mainly because of weakening growth momentum in emerging market trading partners (particularly, China, Russia, and Turkey) and a temporary decline in oil output growth in Kazakhstan. Risks remain tilted to the downside. In particular, a slowdown in emerging market trading partners may weaken exports, foreign direct investment, and remittances. Policy priorities center on rebuilding buffers and increasing exchange rate flexibility to help adjust to unanticipated shocks. Stronger macroeconomic frameworks would provide a more credible anchor to economies. Rapid credit growth in some countries calls for strengthening the prudential policies to ensure the continued soundness of financial institutions. Structural reforms to improve the business environment and governance, as well as closer regional cooperation, would enable CCA countries to achieve their goal of becoming dynamic emerging market economies. Click for more