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Title West Bank and Gaza Strip : economic developments in the five years since Oslo / Patricia Alonso-Gamo, Max Alier, Thomas Baunsgaard, Ulric Erickson von Allmen
Published [Washington, D.C.] : International Monetary Fund, 1999
©1999
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Description 1 online resource (viii, 86 pages) : illustrations
Contents ""Contents""; ""Preface""; ""Definition of Acronyms""; ""1. Overview""; ""2. Economic Developments in 1994-98""; ""Introduction""; ""Overall Macroeconomic Developments""; ""Factors Explaining the Poor Economic Performance""; ""Conclusion""; ""3. Fiscal Developments Since Oslo and Future Challenges""; ""Introduction""; ""Fiscal Developments""; ""Progress in Institution Building""; ""The Challenges Ahead""; ""4. The Reemerging Banking Sector""; ""Introduction""; ""Growth of the Banking System""; ""The Role of the PMA and the Banking System in Economic Development""
""5. Donor Assistance and the Public Investment Program""""Introduction""; ""Donor Assistance""; ""The Role of Public Investment""; ""Development Planning""; ""Future Prospects and Challenges""; ""6. The Palestinian Labor Market Since Oslo""; ""Introduction""; ""The Palestinian Labor Force""; ""The Unemployment Problem""; ""Employment of Palestinians in Israel""; ""Public Sector Employment""; ""Future Prospects and Challenges""; ""7. Social Issues and Social Expenditure""; ""Introduction""; ""Household Income and Expenditure""; ""General Socioeconomic Conditions""
""Implications for Social Expenditure""""Future Prospects and Challenges""; ""8. Medium-Term Economic Prospects: Could the Future Be Brighter?""; ""Introduction""; ""The Challenge from Demographic Trends""; ""An Illustrative Medium-Term Scenario""; ""Factors for Higher Medium-Term Growth""; ""Conclusion""; ""Annex: Pension Issues""; ""Boxes""; ""Figures""; ""Tables""; ""References""
Summary The Declaration of Principles of 1993 and the Interim Agreement of 1995 between the government of Israel and the Palestine Liberation Organization (PLO) presented the Palestinian people with new opportunities and significant challenges. There was widespread optimism that the economy would begin to grow and living standards improve in the West Bank and Gaza. A Palestinian administration - the Palestinian Authority (PA) - was expected to adopt policies favorable to local economic development, and public sector services and infrastructure would improve with the generous support of donor countries. The fundamental task of the PA was the provision of basic public services to improve living conditions and to enhance the economy's human capital. Moreover, the PA needed to create an environment conducive to economic growth. This required embarking on an ambitious public investment program to meet the economy's significant infrastructure needs, pursuing sound macroeconomic policies, and developing institutions in support of a market economy that would encourage private investment and foster growth. In sum, a favorable economic environment supported in part by the newly reemerging financial sector was expected to develop in a climate characterized by cooperative relations between Israel and the PA
Bibliography Includes bibliographical references (pages 85-86)
Notes Print version record
Subject Banks and banking -- Gaza Strip.
Banks and banking -- West Bank.
Fiscal policy -- Gaza Strip.
Fiscal policy -- West Bank.
Infrastructure (Economics) -- Gaza Strip.
Infrastructure (Economics) -- West Bank.
Middle East -- Economic conditions.
Middle East -- Economic conditions.
Form Electronic book
Author Alier, M. (Max), author
Allmen, Ulric Erickson von, author
Alonso-Gamo, Patricia, author
Baunsgaard, Thomas, author
International Monetary Fund, issuing body
International Monetary Fund. Middle Eastern Department.
ISBN 1455276944 (electronic bk.)
9781455276943 (electronic bk.)