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UN report urges Israel, PA to jointly address Palestinian economic crisis

Palestinians walk in front of a currency exchange counter in the West Bank city of Ramallah on October 5, 2021. (ABBAS MOMANI / AFP)
Palestinians walk in front of a currency exchange counter in the West Bank city of Ramallah on October 5, 2021. (ABBAS MOMANI / AFP)

A new report from the United Nations urges immediate action “to address the continuing economic and fiscal crisis” among the Palestinians.

The report, issued by the United Nations Special Coordinator for the Middle East Peace Process, says the financial situation in the Palestinian territories is “dire,” citing economic stagnation and persistently high unemployment.

It calls on Israel, the PA and the international community to work together in the coming months to address the situation.

The report also blames Israel for “contributing to the crisis” by withholding a portion of the tax revenues it collects in order to offset the amounts the PA pays to imprisoned Palestinian terrorists.

“It is increasingly difficult for the PA to cover its minimum expenditures, let alone make critical investments in the economy and the Palestinian people,” says United Nations Special Coordinator for the Middle East Peace Process, Tor Wennesland.

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