West Bank Economy
In 2017 the economic outlook in the west bank the larger of the two areas comprising the palestinian territories remained fragile as security concerns and political friction slowed economic growth.
West bank economy. The world bank groups assistance strategy for 20182021 is focused on creating a conducive environment for private investment in productive sectors of the palestinian economy a strategy built in turn on the banks approach to maximizing finance for development. Unemployment in the west bank remained high at 190 in the third quarter of 2017 only slightly better than 196 at the same point the. West bank area of the former british mandated 192047 territory of palestine west of the jordan river claimed from 1949 to 1988 as part of the hashemite kingdom of jordan but occupied from 1967 by israel. Sayre is the co author of a forthcoming middle east youth initiative working paper on demographics and the economy in the west bank and gaza and currently serves as a member of the board of.
The territory excluding east jerusalem is also known within israel by its biblical names judea and samaria. This annexation was considered illegal and was recognized only by britain iraq and pakistan. West bank and gaza global economic prospects examines trends for the world economy and how they affect developing countries. The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets.
2 the rank that you see is the cia reported rank which may have the following issues. No claims are made regarding the accuracy of west bank economy 2020 information contained here. The name west bank is a translation of the arabic term ad diffah i garbiyyah given to the territory west of the jordan river that fell in 1948 under occupation and administration by jordan which subsequently annexed it in 1950. The lack of peace and reconciliation on the political horizon has created an unsustainable economic situation in the west bank and gaza.
The west bank the larger of the two areas comprising the palestinian territories experienced a high single digit economic growth rate in 2010 as a result of inflows of donor aid the palestinian authoritys pa implementation of economic and security reforms and the easing of some movement and access restrictions by the israeli government.
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