Arab Today, arab today imf donors need to support west bank gaza recovery
Last Updated : GMT 21:17:01
Arab Today, arab today
Arab Today, arab today

IMF: Donors need to support West Bank, Gaza recovery

Arab Today, arab today

Arab Today, arab today IMF: Donors need to support West Bank, Gaza recovery

Locals buy produce at a local market in Gaza City
Washington - AFP

The International Monetary Fund called Tuesday for more donor aid to support the recovery of the West Bank and Gaza Strip economy, citing an uncertain outlook for the Palestinian territories.

The IMF said in a report that the reconstruction process in the Gaza Strip, ravaged by the war between Israel and Hamas that ended last August, "is moving far more slowly than expected."

The economic cost of the 50-day war is estimated at $4 billion for Gaza, the IMF noted, as tens of thousands of homes and business were destroyed and the area was under Israeli and Egyptian blockades.

"While notable progress has been made recently with the provision of materials for the repair of individual homes, larger construction projects that are required for a job-creating economic recovery are still pending," the report said.

According to the IMF, of the $3.5 billion promised for the reconstruction of Gaza at the Cairo Conference in October, only about 27 percent had been disbursed by mid-April.

The Washington-based crisis lender, which provides technical assistance to the West Bank and Gaza, said the economic outlook for the Palestinian territories is "highly uncertain". The economy fell into recession in 2014 for the first time since 2006.

A key uncertainty is the continuation of clearance revenues, revenues collected by Israel in the form of indirect taxes on imported goods and later transferred to the Palestinian Authority, which account for two-thirds of total revenues.

Israel froze the transfer of the revenues from December to March, wreaking havoc on the Palestinian authority's finances.

The IMF projected a mild economic recovery in the Israeli-occupied West Bank this year, with growth at 2.5 percent, in part based on the assumption of steady  transfers for the rest of the year.

For Gaza, growth was expected to rebound to 7.0 percent from a weak 2014 base.

Whatever measures the Palestinian authorities take to repair finances, the IMF said, they "might not be sufficient to fully close the financing gap" and "additional donor aid would be needed."

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*

Arab Today, arab today imf donors need to support west bank gaza recovery Arab Today, arab today imf donors need to support west bank gaza recovery

 



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*

Arab Today, arab today imf donors need to support west bank gaza recovery Arab Today, arab today imf donors need to support west bank gaza recovery

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday