Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Palestine Needs Urgent Donor Action To Tackle Fiscal Crisis: World Bank

2012-09-19

(RTTNews) - Palestine needs immediate action by international donors and initiatives to free the untapped West Bank for private investment to tackle its deepening fiscal crisis, the World Bank said Wednesday. A review report by the World Bank said that sustainable growth in Palestine could be achieved only through strong private sector investment, which has been restrained by physical, administrative and security restrictions. The key to unlocking some of the private sector opportunity is to have access to Area C of the West Bank, which is the only contiguous land in the region. Access to Area C is vital as it connects 227 smaller separate and heavily residential areas, which remain under full Israeli control and holds most of the agricultural lands, natural resources, and land reserves of the West Bank, the report said. "Donors do need to act urgently in the face of a serious fiscal crisis facing the PA in the short term," Mariam Sherman, World Bank Country Director for the West Bank and Gaza, said. "But even with this financial support, sustainable economic growth cannot be achieved without a removal of the barriers preventing private sector development, particularly in Area C." By having access to the strategically-located Area C, the Palestine economy, which has been hit hard by economic slowdown and political turmoil, will also benefit from development of businesses such as construction, telecommunications, agriculture, and tourism.


 

2020-09-24
Al-Quds Index below the 440 points level amid scarce liquidity

2020-09-17
Transactions on APIC raise the trading value fiery

2020-09-17
Delisting the stocks of the Arab Real Estate Establishment ARE and Globalcom Telecommunications GCOM from the PEX

2020-09-10
The PEX records average PE of 20.9x in H1 2020

2020-09-03
Al-Quds Index in the green zone amid medium-volume transactions

2020-09-03
PRICO realizes net loss of JD0.73 million in H1 2020

2020-09-03
JCC reports net income of JD0.27 million in H1 2020

2020-09-03
BPC records net income of $3.62 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
BJP posts net income of JD0.31 million in H1 2020

2020-09-03
PIBC posts net income of $1.21 million in H1 2020

2020-09-03
GMC posts net income of JD0.28 million in H1 2020

2020-09-03
WASSEL realizes net loss of $0.19 million in H1 2020

2020-09-03
AHC realizes net income of JD1.49 million in H1 2020

2020-09-03
JPH posts net income of $1.17 million in H1 2020

2020-09-03
TNB realizes net loss of $0.98 million in H1 2020

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013