🇵🇸 Prior to current crisis, decades-long blockade hollowed Gaza’s economy, leaving 80% of population dependent on international aid | UNCTAD – 25/10/2023
Inflation, a shrinking fiscal space, a decline in foreign aid and the build-up of debt kept the economy of the Occupied Palestinian Territory below its 2019 pre-pandemic level.
Against a backdrop of heightened political tensions, deepening dependency on the occupying Power and a stalled peace process, the Palestinian economy continued to operate below potential in 2022 as other persistent challenges intensified.
These include loss of land and natural resources to Israeli settlements, endemic poverty, a shrinking fiscal space, declining foreign aid and the build-up of public and private debt.
How Israel’s 10-Year Blockade Brought Gaza to the Brink of Collapse | The Nation - 2017
#Palestine #Gaza #Economy #ForeignAid #UN #Report #OPT
Inflation, a shrinking fiscal space, a decline in foreign aid and the build-up of debt kept the economy of the Occupied Palestinian Territory below its 2019 pre-pandemic level.
Against a backdrop of heightened political tensions, deepening dependency on the occupying Power and a stalled peace process, the Palestinian economy continued to operate below potential in 2022 as other persistent challenges intensified.
These include loss of land and natural resources to Israeli settlements, endemic poverty, a shrinking fiscal space, declining foreign aid and the build-up of public and private debt.
How Israel’s 10-Year Blockade Brought Gaza to the Brink of Collapse | The Nation - 2017
#Palestine #Gaza #Economy #ForeignAid #UN #Report #OPT
Prior to current crisis, decades-long blockade hollowed Gaza’s economy, leaving 80% of population dependent on international aid | UNCTAD – #Gaza #Economy #Report #OPT
https://unctad.org/system/files/official-document/tdbex74d2_en.pdf
https://unctad.org/system/files/official-document/tdbex74d2_en.pdf
🇵🇸 Why the West Bank is on the verge of economic collapse | Mondoweiss
The West Bank’s economic crisis and the expansion of Israel’s settlements are connected. Here’s how.
Yet even the partial loosening of restrictions on withheld customs money to the PA doesn’t come close to solving the PA’s economic crisis. Israel’s economic sanctions have forced hundreds of thousands of Palestinian public sector employees to survive on little to no salaries for months on end, while Israel still maintains its revocation of work permits for the some 100,000 Palestinian laborers who used to work in Israel and in Israeli settlements before October 7.
According to Abudaka, “PA salaries account for around 30% of the West Bank’s total salaries, while workers in Israel generate around 40% of the West Bank’s total salaries, making these two sectors the backbone of the West Bank’s economy.”
#Palestine #WestBank #OPT #Economy #PA #Workers #Colonisation
The West Bank’s economic crisis and the expansion of Israel’s settlements are connected. Here’s how.
Yet even the partial loosening of restrictions on withheld customs money to the PA doesn’t come close to solving the PA’s economic crisis. Israel’s economic sanctions have forced hundreds of thousands of Palestinian public sector employees to survive on little to no salaries for months on end, while Israel still maintains its revocation of work permits for the some 100,000 Palestinian laborers who used to work in Israel and in Israeli settlements before October 7.
According to Abudaka, “PA salaries account for around 30% of the West Bank’s total salaries, while workers in Israel generate around 40% of the West Bank’s total salaries, making these two sectors the backbone of the West Bank’s economy.”
#Palestine #WestBank #OPT #Economy #PA #Workers #Colonisation