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In reply to the discussion: The fall of Israel [View all]Passages
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Dire Straits
In December 2004, the World Bank completed a remarkable study on the implications of the planned Israeli disengagement from 17 Gaza Strip settlements and four settlements in the West Bank. Using recent economic projections, the World Bank determined that the disengagement plan alone, as described by Israel, would not be enough to stop the Palestinian economys downward spiral into poverty and despair. For the first time, the World Bank recommended that no additional funds above current subsistence infusions be given to Palestinians until Israel takes significant steps to remove the system of checkpoints, barriers and permits that hinders the travel of Palestinians and their products throughout the West Bank and Gaza and between the two separated blocks of land. While money, and in particular donor money, has an important role to play in reviving the economy, asserted the report, it is not the determining factor. The last four years exemplify how little donor assistance can achieve in the absence of a positive policy environment while donor disbursements doubled to almost $1 billion per annum, real personal incomes fell by almost 40 percent in the same period. [2]
Currently, some 47 percent of Palestinians in the Occupied Territories (1.7 million people) live below the official poverty line of $2.10 a day. [3] While this percentage is down from 2002 rates that year marked by weeks of 24-hour curfew during Israeli invasions of the West Bank all signs point to continuing deterioration
https://merip.org/2005/03/the-tar-baby-of-foreign-aid/
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