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World Bank Paints Gloomy Picture of Palestinian Economy
(Ha'aretz) - Arnon Regular A report compiled by the World Bank representative to the Palestinian Authority, Nigel Robert, reveals that the gross national income of the Palestinians in 2002 shrunk 40% in relation to 2000, while the Palestinian population in the territories increased by 9%. Between June 2000 and June 2002, exports fell 40 percent. In 2002, donor countries transferred $40 million a month to the PA, yet the PA's debts to private suppliers amount to a staggering $370 million.