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Sustaining Achievements in Palestinian Institution-Building and Economic Growth

Bibliographic Data

ID23521895
AuthorsWorld Bank
Year2011
Publication date2011-09-18
Open AccessNo
TypeBOOK
PublisherWashington, DC (PUBLISHER)
DOI10.1596/27154
OpenAlexW4249808631
LanguageEN
Citations received2
References cited1

Sustainable economic growth and strong \n institutions are interlinked, and the present report \n summarizes recent economic and fiscal developments in West \n Bank and Gaza (WB&G) as well as providing a broad \n overview of institutional accomplishments to date. The \n present report begins by discussing the apparent slowdown in \n economic growth in WB&G and the current fiscal crisis \n facing the Palestinian Authority (PA)-resulting partly from \n lower-than-expected external support this year. A further \n drop in donor funding would likely reduce growth, which \n would in turn further aggravate the fiscal situation in the \n coming year. A protracted fiscal crisis, in turn, risks \n jeopardizing the gains made in institution-building and \n thereby losing what has been painstakingly achieved over the \n past years. In addition, the report highlights that in order \n for the PA to sustain the reform momentum and its \n achievements in institution-building, remaining Israeli \n restrictions must be lifted and any reductions in \n international aid flows must be carefully calibrated and \n managed. Economic growth in WB&G has slowed down in \n 2011, and together with the shortfall in external financing, \n this has led to a fiscal crisis for the PA. Economic growth \n in WB&G remains robust but appears to be slowing due to \n economic and political uncertainty, so that the \n International Monetary Fund (IMF) has revised the projected \n real Gross Domestic Product (GDP) growth rate for 2011 from \n 9 down to 7 percent. Despite some improvement, unemployment \n remains stubbornly high and labor force participation low in WB&G.

Institution · Political science · Jewish and Middle Eastern Studies · Law · Middle East and Rwanda Conflicts · Socioeconomic Development in MENA

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Unique citing works2
Citations per year0.18
Citation span2015 - 2015 (1)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 2

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