IWS Documented News INTERNATIONAL

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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World Bank

STAGNATION OR REVIVAL? PALESTINIAN ECONOMIC PROSPECTS [15 March 2012]

MARCH 2012

Economic monitoring report to the Ad Hoc Liaison Committee

http://siteresources.worldbank.org/INTWESTBANKGAZA/Resources/WorldBankAHLCreportMarch2012.pdf

[full-text, 31 pages]

Press Release 15 March 2012

PA Fiscal Crisis Jeopardizes Institution-building Progress

Constrained private sector growth holds back sustainable recovery

http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/MENAEXT/WESTBANKGAZAEXTN/0,,contentMDK:23142810~menuPK:294370~pagePK:2865066~piPK:2865079~theSitePK:294365,00.html

JERUSALEM, March 15, 2012 -- The World Bank's latest report on the Palestinian economy warns that a severe fiscal crisis will deepen if the recent decline in donor assistance continues and that this situation is “jeopardizing gains" made in recent years in building strong institutions. 

The World Bank published its Economic Monitoring Report today, a document prepared twice a year to inform the Ad Hoc Liaison Committee (AHLC), a forum of donors to the Palestinian Authority (PA). The AHLC is due to meet in Brussels on March 21.

AND MORE....

Contents

Acronyms ...................................................................................................................................................... 3

A. Executive Summary ............................................................................................................................... 4

B. Introduction ........................................................................................................................................... 5

C. The Palestinian Authority’s Fiscal Crisis ................................................................................................. 6

C.I. Increasing Palestinian Authority Revenues ........................................................................................ 9

C.II. Reducing Palestinian Authority Expenditures ................................................................................. 12

C.III. Further Improving Public Finance Management ............................................................................ 14

D. Recent Economic Developments ......................................................................................................... 16

D.I. Continued Israeli Restrictions .......................................................................................................... 19

D.II. Improving the Business Climate ...................................................................................................... 21

D.III. The Banking Sector......................................................................................................................... 22

E. Gaza Infrastructure .............................................................................................................................. 23

E.I. Water and Wastewater .................................................................................................................... 24

E.II. Electricity ......................................................................................................................................... 26

E.III. Solid Waste ..................................................................................................................................... 28

F. Conclusion ........................................................................................................................................... 30

References .................................................................................................................................................. 31

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