Published 2 months ago

Palestinian authority risks fiscal collapse

Summary by Inquirer

WASHINGTON, United States — The Palestinian Authority is facing the possibility of financial collapse, the World Bank said in a report Thursday, as revenue streams run dry and economic activity drops precipitously against the backdrop of the Gaza war. “The fiscal situation of the Palestinian Authority has dramatically worsened in the last three months, significantly raising the risk of a fiscal collapse,” the World Bank said in a statement. “Rev…

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RIA Novosti [🇷🇺-affiliated]

The World Bank has warned of the risk of fiscal collapse in Palestine

The budget deficit of the Palestinian National Authority (PNA) will double in the coming months and reach $1.2 billion, according to the World Bank (WB),... RIA Novosti, May 24, 2024

2 months ago·Russian Federation

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Arab News

Nearly all Gazans in poverty, Palestinian Authority facing ‘imminent

RIYADH: Nearly every Gazan is living in poverty as the Israel-Hamas war continues to have a “devastating impact” on the Palestinian economy, according to the World Bank. An analysis by the organization sets out how the economic consequences of the conflict have spread beyond Gaza and into the West Bank, with widespread unemployment and underemployment combined with inflation causing a rapid decline in purchasing power for households in both are…

2 months ago·Riyadh, Saudi Arabia

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Anadolu Ajansı

Palestinian Authority at high risk of fiscal collapse: World Bank

Financing gap reached $682M in 2023, projected to double in coming months, says institution - Anadolu Ajansı

2 months ago

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Lenta.RU [🇷🇺-affiliated]

The World Bank warned of the risk of a financial collapse in Palestine.

За три месяца финансовое положение Палестины резко ухудшилось. Риск финансового краха автономии очень высок, предупредили аналитики Всемирного банка, их слова приводит ТАСС. По данным экспертов, с октября 2023 года Палестина потеряла около полумиллиона рабочих мест, а уровень бедности в регионе значительно вырос. Финансовое положение региона страдает из-за резкого сокращения объема таможенных пошлин, выплачиваемых автономии, а также снижения эко…

2 months ago·Russian Federation

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