The projects, part of UNCTAD's programme of assistance to the Palestinian people, have been elaborated in close cooperation with the Palestinian counterpart institutions, based on UNCTAD's analysis of key problem areas facing the development of the Palestinian economy. The projects' objectives and work plans have been updated to take into account new realities arising from the recent Palestinian economic crisis.
With funding from the Government of Norway, UNCTAD will assist the Ministry of Finance of the Palestinian Authority (PA) in establishing a Public Debt Directorate. A major part of this work will comprise the installation of, and training in, UNCTAD's Debt Monitoring and Financial Analysis System (DMFAS), which has recently resumed following an eight-month hiatus. The project, budgeted at $531,000 (not including counterpart inputs), will be implemented over 18 months and is intended to assist the PA in managing its debt burden, estimated to have grown during the recent crisis to over $900 million. UNCTAD will also work with the PA on drawing up strategic policy guidelines in the area of public debt.
In cooperation with the PA Customs and Excise Directorate, UNCTAD will further assist the PA.