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

IMF Staff Country Reports, September 13, 2023

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

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Bibliographic details

• Published: September 13, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400253089.002

Economic outlook

• The outlook for the Palestinian economy remains dire, with risks tilted to the downside.
• Achieving higher growth and overcoming the fiscal crisis are described as intertwined objectives requiring coordinated efforts from the Palestinian Authority, Israel, and the international donor community.

Fiscal diagnosis and priorities

• Consolidate the strong fiscal revenue performance.
• Pursue ambitious expenditure reforms in a gradual and socially balanced way, with initial focus on:
  • the wage bill,
  • the health system,
  • net lending.

Engagement with Israel and unresolved fiscal files

• Continue efforts to engage the Government of Israel to:
  • achieve tangible outcomes to alleviate Israeli-imposed movement, access, and investment restrictions,
  • resolve outstanding fiscal files, including Area C taxation.

Structural and sectoral reforms

• Adopt reforms to further enhance the business climate.
• Advance the digital transformation of the economy.
• Carry out critical energy infrastructure projects.

Thematic coverage and keywords

• Subject areas highlighted: Arrears, Expenditure, External debt, Financial sector policy and analysis, International organization, Pension spending, Public debt, Revenue administration.
• Keywords include: Arrears, Expenditure, expenditure reform, Financial sector, Global, International organization, Palestinian economic recovery, Pension spending, Public debt, research assistance, Revenue administration, Structural reforms, taxation framework, wage bill.

Source: West Bank and Gaza: Report to the Ad Hoc Liaison Committee, IMF Staff Country Reports 2023, 326.

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• West Bank and Gaza: Report to the Ad Hoc Liaison Committee; September 8, 2023
  • West Bank and Gaza: Report to the Ad Hoc Liaison Committee; September 8, 2023 (Markdown version)
  • West Bank and Gaza: Report to the Ad Hoc Liaison Committee; September 8, 2023 (PDF)