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 IMF established an office of the IMF Resident Representative for West Bank and Gaza in July 1995, to help fulfill the IMF’s mandate to assist the Palestinian Authority as specified under the Oslo Accords. West Bank and Gaza is not a member country of the IMF, and the IMF can therefore not lend to West Bank and Gaza. The IMF does provide technical services to West Bank and Gaza, including: (i) policy advice in the macroeconomic, fiscal, and financial areas; as well as (ii) technical assistance, with a focus on tax administration, public financial management, banking supervision and regulation, and statistics. As a member of the Ad Hoc Liaison Committee (AHLC, established in 1993 following the signing of the first Oslo Accord to coordinate the delivery of international development assistance to the Palestinian Authority), the IMF—alongside UNSCO, the World Bank and the Quartet—also publishes regular reports as an input to the usually biannual AHLC meetings.

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Office Activities


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Regional Economic Outlook

April 18, 2024

October 2023 SSA REO Cover for blurb - PT

An Uneven Recovery amid High Uncertainty

The Middle East and North Africa and the Caucasus and Central Asia regions are positively impacted by the resilience of the global economy. Lower global commodity prices and vigilant policy responses have helped ease inflation in most countries. However, uncertainty and risks have risen amid ongoing conflicts, shipping disruptions, and reduced oil production. This is leading to an uneven recovery across the Middle East and Central Asia, with growth rates varying this year. Policymakers need to ensure economic stability and debt sustainability while navigating geopolitical risks and improving medium-term growth prospects. Amid high uncertainty, it is essential that countries implement reforms to enhance their fundamentals, including by strengthening institutions. Additionally, countries can seize potential economic opportunities amid shifting trade patterns by reducing long-standing trade barriers, diversifying products and markets, and improving infrastructure.

Read the Report