The Palestine Chronicle is calling on all its readers to come to its aid NOW. Not only do we need your urgent support to continue with our operation, but we also need your help to challenge unfounded accusations in US courts, so that we may carry on with our mission until a just peace is finally achieved in Palestine.
World Bank
Israeli War almost Wipes Out Entire Gaza Economy – World Bank
By Palestine Chronicle Staff A report by the World Bank stated that since the start of the war, Gaza’s economy experienced one of the largest shocks recorded in recent economic history. The Gaza Strip’s […]
World Bank Report: Gaza ‘Undergone Deindustrialization’ as a Result of Israeli Siege
Gaza is still suffering “from a particularly difficult economic situation with very high unemployment and deteriorating social conditions”, the World Bank warned in a report this week. The report highlights the critical challenges facing the […]
Report: $570 Million Physical, Economical Losses in Gaza
The eleven days of hostilities in May 2021 in Gaza resulted in the loss of over 260 people, including 66 children and 41 women, and exacerbated previous traumas in particular among children. The human toll […]
World Bank to Grant $30 Million to Palestinians Economically Impacted by Coronavirus
The World Bank will provide a $30 million grant to assist vulnerable Palestinians in the West Bank who have been economically impacted by the coronavirus crisis, reported the Wafa news agency. The funds will support […]
Gaza’s Local Industries in Ruins as 500 Factories are about to Close
By Palestine Chronicle Staff 2019 was one of the worst years for local Gaza economy that is struggling to stay afloat despite the hermetic Israeli blockade. Palestinian sources told Quds News Network that over […]
Palestinian Businessmen Boycott US-Led Bahrain Conference
Palestinian businessmen boycotting the Trump administration’s Bahrain workshop designed to encourage investment in the territories say only a diplomatic path to statehood can end decades of conflict with Israel. The United States has dubbed the June 25-26 […]
World Bank Calls on Israel to Ease up on Palestinian Economy
The World Bank said, on Wednesday, that Palestinian economy is now facing a “severe fiscal shock” due to the tax revenues issue with Israel, calling for a speedy resolution. The published report, prepared by the […]
World Bank Will Continue to Provide Budget Support to PA
The World Bank Vice President for the Middle East and North Africa, Ferid Belhaj, said on Wednesday after completing a three-day visit to the occupied West Bank that the World Bank will continue to provide […]
The Moment Long Feared: Gaza’s Economy Goes into Freefall
The moment long feared is fast approaching in Gaza, according to a new report by the World Bank. After a decade-long Israeli blockade and a series of large-scale military assaults, the economy of the tiny […]
‘Free Fall’: World Bank Warns Gaza Economy Is ‘Collapsing’
The economy in the Gaza Strip is “collapsing” mainly due to the 11-year blockade on the coastal enclave in addition to cuts in donor aid, according to a new report from the World Bank. The […]