UN warns of ‘dire’ economic situation in Palestinian Authority’s areas

The report was published on Friday and assesses the uneven progress toward sustainable development and institution building in Palestine. It will be presented in the upcoming Ad Hoc Liaison Committee (AHLC), the international donor group for Palestine, meeting in Oslo on Nov. 17, reported by Asharq Al-Awsat.

Wennesland said the report calls for the immediate economic and fiscal situation facing the PA to be addressed and its institutions to be strengthened, with a near-term focus on delivering public services.

“A piecemeal approach to addressing these challenges, along with a lack of progress on the broader political issues, risks perpetuating a continuous cycle of crisis management,” it stressed.

“A sharp decline in GDP per capita in 2020 followed years of economic stagnation in the West Bank. In the Gaza Strip, the economy continues its multi-decade decline and there is persistently high unemployment, particularly among women.”