West Bank and Gaza: Report to the Ad Hoc Liaison Committee
IMF Staff Country Reports, September 16, 2022
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- West Bank and Gaza: Report to the Ad Hoc Liaison Committee
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Bibliographic details
- Published: September 16, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400219139.002
Summary and key findings
- The Palestinian economy is facing formidable challenges.
- Factors weighing on the medium-term outlook: the fiscal situation, high political, security and social tensions, rising inflation, movement and access restrictions, and an unfinished structural agenda.
- Under unchanged policies, debt is unsustainable and per capita GDP is projected to decline.
- The situation is particularly dire in Gaza with persistently high unemployment and poverty.
Fiscal outlook and public debt
- Under unchanged policies, debt is unsustainable.
Economic and social conditions
- Rising inflation is noted as a factor negatively affecting the outlook.
- Movement and access restrictions are identified as constraints on economic activity.
- High political, security and social tensions weigh on medium-term prospects.
Gaza-specific conditions
- Gaza faces persistently high unemployment and poverty.
- The overall situation in Gaza is characterized as particularly dire.
Subjects and keywords
- Subjects: Arrears, Expenditure, External debt, International organization, Monetary policy, Pension spending, Public debt, Revenue administration, Total expenditures
- Keywords: Arrears, correspondent banking relations, IMF report, Middle East and Central Asia, Pension spending, reform scenario, research assistance, shekel cash, Total expenditures
Source: West Bank and Gaza: Report to the Ad Hoc Liaison Committee (IMF Staff Country Report No. 2022/298, September 16, 2022).
Content in this bundle
- West Bank and Gaza: Report to the AD HOC Liaison Committee; September 16, 2022