Economic Monitoring Report to the Ad Hoc Liaison Committee
The main body of the report is organized in two chapters with three supporting annexes. Chapter one focuses on recent economic developments in the real, fiscal and banking sectors, while providing a near term outlook that highlights critical challe...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/515891504884716866/Economic-monitoring-report-to-the-Ad-Hoc-Liaison-Committee http://hdl.handle.net/10986/28436 |
| Summary: | The main body of the report is organized
in two chapters with three supporting annexes. Chapter one
focuses on recent economic developments in the real, fiscal
and banking sectors, while providing a near term outlook
that highlights critical challenges facing the Palestinian
economy. Chapter two provides input on a new vision for
growth and job creation, with quantification of the
potential gains. It contains critical messages for the GoI,
the PA and the international donors on steps to create an
environment conducive to the needed private sector
investment. Annex one assesses the status of the World Bank
recommendations to the AHLC meeting over the years, many of
which relate to the constraints identified in chapter two.
While there are developments, overall progress from the GoI
and the PA has been minimal. Annex two provides an update on
the disbursement of pledges made at the Cairo conference in
October 2014 on reconstructing Gaza. Donor support by
mid-July 2017, at 53 percent of Cairo conference pledges,
had barely changed from the December 2016 position, and
there are limited prospects of further contributions. Most
of the gap can be attributed to the larger pledgers at the
conference. Finally, annex three provides some
methodological notes on the specifications of the CGE model
and assumptions used to quantify the external and internal constraints. |
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