Wednesday, April 6, 2011

صندوق النقد الدولي: المؤسسات المالية الفلسطينية جاهزة للدولة

IMF: Palestinian economic bodies ready for state

International Monetary Fund report says Palestinian financial institutions ready for statehood

RAMALLAH, West Bank (AP) -- An International Monetary Fund report says the Palestinian Authority's financial institutions are ready for statehood now that it has carried out a series of economic reforms.

The report released Tuesday credited reforms and a "prudent fiscal policy" with enabling the Palestine Monetary Authority to "fulfill core functions of a central bank."

A strong banking system is vital for a future Palestinian state to sustain itself, it said.

The report said the reforms allowed the Palestinian Authority to reduce its dependence on foreign aid for its regular budget, from $1.8 billion in 2008 to $1.2 billion in 2010, and less than $1b projected for 2011.

It found that Palestinians are now "able to conduct the sound economic policies expected of a future well-functioning Palestinian state."

1 comment:

  1. This is just a wishful thinking. The Palestinian economy depends completely on the foreign aid.
    Does the PA have the capacity to pay the salaries (to start with!)
    But let's keep the hope