🇵🇸 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