Palestinian economy losing long-term competitiveness

The prolonged system of closures and restrictions is causing lasting damage to the competitiveness of the Palestinian economy, according to The World Bank’s latest Economic Monitoring Report. The economy is in danger of losing its capacity to compete in the global market, while the donor community’s efforts are directed towards short-term relief for Palestinian fiscal stress. The study, titled Fiscal Challenges and Long Term Economic Costs was released ahead of the Ad Hoc Liaison Committee (AHLC) meeting, a forum of donors to the Palestinian Authority, which will meet in Brussels on March 19.