Palestine: What is the Palestinian economic and public debt situation?
Palestinian public debt increased considerably in 2020, reaching two-thirds of GDP at the end of April 2021. The significant budgetary shock, triggered by the crisis of clearances returned, duties and taxes collected on behalf of the Palestinian Authority by Israel on its imports and which it refused to collect in response to threats of annexation in the West Bank, led to rapid growth in debt from May 2020, contracted in particular with the local banking system. The health crisis has added a negative growth shock to this degraded environment, to the point of constituting a challenge for debt sustainability.Friday 17 September 2021
Lebanon: Is the COVID-19 crisis accelerating the necessary reform of the national debt?
Since October 17, 2019, the streets of the country have been rumbling with people tired of a corrupt financial system and accumulated pressure on the middle and poor classes in favor of a financial and sectarian oligarchy. Debt only increased during the pandemic and it now seems inevitable that the financial system will be reformed, especially under the influence of Hezbollah and the IMF.Thursday 11 June 2020
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