imf urges israel to ease financial restrictions
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Warning that Palestinian economy would not be viable

IMF urges Israel to ease financial restrictions

Arab Today, arab today

Arab Today, arab today IMF urges Israel to ease financial restrictions

Palestinian drivers wait in line to refuel their cars at a gas station in Gaza City
London - Arabstoday

Palestinian drivers wait in line to refuel their cars at a gas station in Gaza City The International Monetary Fund urged Israel Thursday to ease financial restrictions on Palestinians, warning that the Palestinian economy would otherwise not be viable. In a report published ahead of a September 23 meeting in New York of donors to the Palestinians, the IMF said the Palestinian Authority faced a budget deficit of $300 million (225 million euros) by the end of 2013.
"The PA's finances are not viable over the medium term if the current model of financing large deficits with unpredictable aid flows is maintained," the report said.
It predicted that Palestinian GDP growth would slow from 11 percent in 2011 and 5.9 percent in 2012 to 4.5 percent by the end of this year.
The IMF said the West Bank and Gaza Strip's economic prospects were "dim under (the) status quo," and that resuscitating finances required the removal of "obstacles to economic growth."
These included, notably, "a broad-based and sustained easing of Israeli restrictions, not linked to specific projects and underpinned by clear progress in the peace process."
The IMF said in July that Israel's tight restrictions hinder the growth of the Palestinian private sector, holding back the economy.
International aid agency Oxfam said, ahead of the 1993 Oslo peace accords anniversary on Friday, that "life for millions of Palestinians is worse now than it was 20 years ago".
"While parties are negotiating peace, actions on the ground are making the lives of Palestinian civilians in particular ever more difficult, and jeopardising the chance of reaching a solution," Nishant Pandey, Oxfam's Palestinian territories and Israel director, said in a statement.
"A peace process naturally calls for give and take from all parties, but it is Palestinian civilians who have overwhelmingly paid the cost," he said.
International experts have been working on a plan to boost the stagnant Palestinian economy. They hope that, hand in hand with movement in the peace process, the scheme could produce tangible economic benefits on the ground to alleviate dire unemployment and poverty.
US Secretary of State John Kerry unveiled the broad contours of a scheme to attract some $4 billion in private-sector investment over the next three years at a World Economic Forum in Jordan in late May.
But similarly ambitious US-led plans by past administrations have faltered, and a blanket of secrecy has been thrown up as Quartet special envoy Tony Blair and his team hammer out the details with the aid of international experts.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf urges israel to ease financial restrictions imf urges israel to ease financial restrictions

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf urges israel to ease financial restrictions imf urges israel to ease financial restrictions

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday