West Bank and Gaza: Report to the Ad Hoc Liaison Committee

Author: International Monetary Fund. Middle East and Central Asia Dept.

West Bank and Gaza: Report to the AD HOC Liaison Committee

Volume/Issue: Volume 2023 Issue 146

Publication date: April 2023

ISBN: 9798400241116

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , Exports and Imports , Labor , Money and Monetary Policy , Public Finance , myriad economic policy challenge , IMF report , research assistance , wage bill , clearance revenue , Arrears , Labor markets , Wages , Global

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Summary

The Palestinian economy faces myriad economic policy challenges and risks abound. The political and security situation continues to deteriorate. Public finances remain unsustainable, despite a contained 2022 fiscal deficit. The banking system has adequate capital and liquidity buffers, with stable non-performing loans, but there are signs of asset quality deterioration and weaker deposit growth, as Palestinians’ real incomes continue to erode.