Palestinian economic growth unsustainable

W.G.Ewald

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BBC News - Palestinian economic growth unsustainable - World Bank
The World Bank has said the recent economic growth in the Palestinian Territories is unsustainable because of its heavy reliance on foreign aid.

The Palestinian Authority had begun establishing institutions for a future state, but the economy was not strong enough to support it, a report warned.

It was critical to increase trade and spur private sector growth, it added.

The PA said last month it was facing a funding crisis, with debts of $1.5bn (£968m) and a cash shortfall of $500m.
 

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