Occupied Palestinian Territory

It emphasizes the urgent need to remove the restrictions to help provide the economic base necessary to reverse the current trend of socioeconomic deterioration in the region.

Inflation, a shrinking fiscal space, a decline in foreign aid and the build-up of debt has kept the economy of the Occupied Palestinian Territory below its 2019 pre-pandemic level.

Palestinian professionals and policymakers equipped to use UNCTAD’s updated model for economic policy planning.

Ending the occupation of Area C of the West Bank and East Jerusalem is critical for the sustainable development of the Occupied Palestinian Territory because it will enable the Palestinian people to grow their economy severalfold.

UNCTAD urges the international community to extend sufficient and predictable financial support to the Palestinian people to alleviate suffering and prevent a deep socioeconomic crisis from worsening.

A new technical assistance project will modernize the Palestinian debt management system and train officials.

Training equips experts and policymakers to engage effectively in bilateral and regional negotiations on trade in services.

A detailed UNCTAD study and economic dataset shows that without closures and military operations, GDP per capita in the West Bank in 2019 would have been 44% higher than its actual value.

The West Bank has suffered two decades of arrested development and poverty.

The pandemic, combined with other negative occupation-related developments, make 2020 the worst year for the Palestinian people since the establishment of the Palestinian National Authority in 1994.