Amid Palestinian Statehood Push, A Grim World Bank Report On The West Bank, Gaza -- Christian Science Monitor
The World Bank report underscores the extreme dependence of the Palestinian Authority on foreign aid. It is now facing a fiscal crisis due to unmet aid promises.
With the flurry of diplomatic maneuvering over the Palestinian Authority's plan to seek recognition at the UN next week, it's worth remembering the financial obstacles that will face those living in the Palestinian territories, whatever does or does not happen at the UN.
A new World Bank report out this week puts the Palestinian economy – and the PA's near-total dependence on aid – front and center. Palestinian economic problems won't be addressed at all by what happens at the UN, where Palestinians say they will press for full membership as a sovereign state.
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My Comment: But even with this dire financial situation .... the priority among the Palestinian leadership will still be this. Fortunately .... critics of this policy are not staying quiet.
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