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Prepared by the UNCTAD secretariat
Despite the progress in institution building, regulatory reform and economic policy formulation made during the 1994-1999 interim period ushered in by the Israel-Palestine peace accords, over nine months of economic crisis have reversed many of these gains. In addition to losses of at least a quarter of national income and damage to economic and trade infrastructure, the crisis has resulted in sharp falls in Palestinian household income, massive unemployment and increasing poverty. The Palestinian Authority will need to elaborate swiftly a programme of recovery and reconstruction in the context of a sustained economic policy formulation process. While UNCTAD technical assistance to the Palestinian people has attempted to respond to some of the new needs generated by the crisis in the trade and related services sectors, it has maintained a focus on long-term capacity building efforts. Operational activities aim to match the secretariat's core technical competencies with the development needs of the Palestinian Authority and targeted donor finance. In doing so, the secretariat has further strengthened its cooperation with concerned international agencies and donors in providing concrete assistance to the Palestinian people.
Table 1: Palestinian economy (West Bank and Gaza Strip) – Main aggregate economic indicators 1993–2000
Table 2: UNCTAD programme of technical assistance to the Palestinian people, 1997-2002
DEVELOPMENTS IN THE PALESTINIAN ECONOMY, 2000-2001
A. Persistent structural weaknesses
Palestinian economy (West Bank and Gaza Strip) - Main aggregate economic indicators 1993-2000
Sources: Data for 1993 are calculated from Israel Central Bureau of Statistics, Statistical Abstract of Israel , 1995; All data for 1994-1999 from Palestinian Central Bureau of Statistics (PCBS), National accounts , 1994-1999, while some 1999 indicators are calculated according to previous years' averages; Data for 2000 are UNCTAD estimates based on preliminary data for 2000 published by PCBS in February 2001, taking into account the impact of the crisis.
Framework, objectives and completed activities 1997-2001
UNCTAD programme of technical assistance to the Palestinian People, 1997-2002 (at 30/6/2001)