Palestinian Economy Suffers Deeper Poverty and Higher Unemployment


For use of information media - Not an official record
UNCTAD/PRESS/MA/2022/008
Palestinian Economy Suffers Deeper Poverty and Higher Unemployment
EMBARGO

The contents of this press release and the related report must not be quoted or summarized in the print, broadcast or electronic media before

14 September 2022, 5:00 pm GMT

(1 pm New York, 19:00 Geneva)

 


Geneva, Switzerland, 7 September 2022

The latest report by the UN Conference on Trade and Development (UNCTAD) on its assistance to the Palestinian people shows that poverty and unemployment have increased in the Occupied Palestinian Territory in the aftermath of the COVID-19 shock.

The report outlines the dire impact of a significant decline in budgetary support from donors and the restrictions imposed by occupation. It 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.

UNCTAD experts will present the report to the media under embargo at a press conference on 14 September in Ramallah (10 am local time), Cairo (1:30 pm local time) and Geneva (11 am local time).

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About UNCTAD

UNCTAD is the UN’s leading institution dealing with trade and development. It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.

UNCTAD is part of the UN Secretariat and has a membership of 195 countries, one of the largest in the UN system. UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively.

We provide economic and trade analysis, facilitate consensus-building and offer technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.

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Journalists with access to the UNCTAD virtual newsroom may download the full text of the study as well as the press release.

Access to the virtual newsroom requires a password. To obtain one, please fill out the online form.

After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.

For further information or to request interviews with UNCTAD experts, please contact UNCTAD Communications and Information Unit, Catherine Huissoud, +41 22 917 5549, +41 79 502 43 11, catherine.huissoud@unctad.org or unctadpress@unctad.org, /press.

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