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Asharq Al-Awsat

World

Ramallah - Asharq Al-Awsat

World Bank Urges Donors to Boost Financial Support for Palestinian Authority

World Bank Palestinian Authority Brussels Economy Foreign Aid

Vendors replenish their stock as Palestinians shop at a market in Rafah in the southern Gaza Strip, on May 1, 2022, on the eve of Eid al-Fitr which marks the end of the Muslim fasting month of Ramadan. (AFP)

The World Bank urged on Monday donors to boost support for the Palestinian Authority (PA), which it said was facing a destabilizing budget crisis linked partly to “record low” foreign aid contributions.

In a report, published ahead of a donor conference in Brussels, the World Bank paints a contrasting view of the Palestinian economy, which is seeing a post-lockdown recovery even as food insecurity worsens in places.

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