World Bank warns of Palestinian Authority's fiscal collapse due to Gaza conflict impact.
The World Bank warns the Palestinian Authority faces a fiscal collapse due to reduced revenue streams and declining economic activity amidst the ongoing Gaza conflict. The Palestinian economy is projected to contract between 6.5% and 9.6% this year, with nearly half a million jobs lost since October. The World Bank report highlights the need for financial policy improvements and emphasizes that improving spending efficiency should remain a top priority in the reform agenda.
May 24, 2024
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