World Bank: Israel is to blame for Palestinian financial woes, dependence on foreign aid
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- Written by Amira Hass Amira Hass
- Published: 08 October 2013 08 October 2013
According to a new report issued by the international development institution Israeli restrictions in the West Bank cost the Palestinians more than $3.4 billion annually.
Restrictions imposed by Israel on most of the West Bank are to blame for the Palestinian Authority's excessive dependence on foreign aid, the World Bank said in a report released Tuesday.
The global financial institution also drew a direct link between what it called the "regime of restrictions" practiced by Israel in the West Bank's Area C and the weakness of the Palestinian private sector. These restrictions alone cost the Palestinian economy roughly $3.4 billion annually.
"The key to Palestinian prosperity continues to lie in the removal of these restrictions with due regard for Israel's security," the reads the report, titled "Area C and the Future of the Palestinian Economy."
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