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Published 22 days 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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