World Bank warns of Palestinian economic crisis

20.09.2012                      04.Tischrei. 5773

Weltbank:

World Bank warns of Palestinian economic crisis

The World Bank also forecast a $1.5 billion deficit in the PA budget in 2012, with donor funds expected to cover just $1.14 billion of this shortfall.

A gathering crisis in the Palestinian economy will worsen unless foreign funding increases and Israel eases long-standing curbs on development, the World Bank and International Monetary Fund said on Wednesday….