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(AP/Forbes) The Palestinian economy will expand by at least 8% in 2005 with unemployment expected to fall sharply, a World Bank report predicted Sunday. Growth was strong this year, raising personal incomes by an estimated 12%, the World Bank said. "Of greatest concern is the serious deterioration in internal law and order," which is deterring potential private investment, the report said. The PA has not done enough to combat corruption and has agreed to salary and pension demands it cannot afford, the report said. Donor payments this year are expected to reach $1.1 billion, up 20% from 2004, the report noted, cautioning that donors will not increase payments without visible progress in security, governance, and economic management. 2005-12-12 00:00:00Full Article
World Bank Sees Palestinian Economy Expand
(AP/Forbes) The Palestinian economy will expand by at least 8% in 2005 with unemployment expected to fall sharply, a World Bank report predicted Sunday. Growth was strong this year, raising personal incomes by an estimated 12%, the World Bank said. "Of greatest concern is the serious deterioration in internal law and order," which is deterring potential private investment, the report said. The PA has not done enough to combat corruption and has agreed to salary and pension demands it cannot afford, the report said. Donor payments this year are expected to reach $1.1 billion, up 20% from 2004, the report noted, cautioning that donors will not increase payments without visible progress in security, governance, and economic management. 2005-12-12 00:00:00Full Article
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