The Mission of the State of Palestine would like to share the latest UNCTAD report on the Palestinian economy. The report is on the effects of the occupation on the Palestinian economy and states:
“Before the onset of the COVID-19 pandemic, the performance of the Palestinian economy was weak and the overall environment was unfavourable. The productive base had been hollowed out by recurrent hostilities, geographical and economic fragmentation, technological regression, restrictions on imported inputs and technology, the loss of land and natural resources, settlement expansion, the leakage of fiscal resources and the near-collapse of the economy of the Gaza Strip”.
Covid has compounded the problems already in existence which have been created by the conditions of the Israeli occupation.
This report details:
An economy under siege:
UNCTAD Secretary-General Mukhisa Kituyi:
“The international community should urgently redouble support to the Palestinian people to enable them to cope with the economic fallout from the pandemic. There is no alternative to donor support for ensuring the survival of the Palestinian economy,”