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Palestinian Economy Not Ready for Statehood: World Bank

Friday 27 July 2012

 

‘The World Bank has warned about deepening poverty across Palestine, saying that its crushed economy threatens the feasibility of the Palestinian statehood.

According to a 181-page report published on Wednesday, the dependence of Palestinian economy on foreign aid coupled with a significant drop in manufacturing and agriculture during the past decades are the main hurdles facing Palestinian march toward statehood. The bank stressed that restrictions imposed by the Israeli regime on Palestine’s trade can be regarded as one of the most serious obstacles to the independence of Palestine.’

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