West Bank and Gaza Strip: Economic Developments in the Five Years Since OsloThis paper assesses macroeconomic developments and progress in institution building during 1994-1998. The five year interim period envisaged in the peace accords has ended, and the paper takes stock of what happened in this period. The paper was prepared in the Spring of 1999 and draws on work done by IMF staff visits to West Bank and Gaza in the fall of 1998 and Spring of 1999. It analyzes developments in a number of areas and draws lessons for the future. |
Contents
Social Issues and Social Expenditure | 3 |
585 | 10 |
Fiscal Developments Since Oslo and Future Challenges | 18 |
Copyright | |
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average Bank and Gaza banking system budget budgetary Bureau of Statistics capital closures consumption contributions countries current expenditure declined deposits development plan dinars disbursements donor aid donor assistance employment in Israel fiscal foreign fund Gaza Strip households IMF staff estimates important improve income increase inflow infrastructure institution building Israel Israeli Israeli new sheqel labor force labor market loans medium term ment millions of U.S. Ministry of Finance monthly MOPIC NGOs Oslo Accords overdrafts Palestinian Authority Palestinian Central Bureau Palestinian economy Palestinian workers PCBS pension schemes pension system percent of GDP percent of total private sector projects public investment public sector employment Ramallah real GDP refugees regulations revenue clearance schools seigniorage settlements sheqel social Sources tinian tion trade Tunisia U.S. dollars UNRWA wage bill West Bank workers in Israel World Bank