World Bank Group

09/18/2023 | Press release | Distributed by Public on 09/18/2023 00:42

World Bank Economic Monitoring Report to the Ad Hoc Liaison Committee- September 2023

The Palestinian Economic Monitoring Report, titled "Racing Against Time", will be presented to the Ad Hoc Liaison Committee (AHLC), a policy-level meeting for development assistance to the Palestinian people, in New York on September 20, 2023. The report highlights the economic challenges facing the Palestinian territories and describes the constraints affecting health services.

According to the report, the Palestinian economy is expected to continue operating well below its potential. Growth is projected to hover around 3 percent and given population growth trends, income per capita is thus expected to stagnate, negatively impacting living standards. In addition, a combination of fiscal constraints and the restrictions imposed by Israel hinder access to healthcare, adversely affecting the population, especially in Gaza.