Israel limits harm Palestinian economy, World Bank says March 12, 2013 - 18:20 AMT PanARMENIAN.Net - The World Bank charges that Israel's system of checkpoints, delays in transferring millions of dollars in tax revenue and preventing most exports from Gaza have caused lasting damage to the Palestinian economy, AP reported. Tuesday March 12 report said deteriorating water and transport infrastructure were also serious problems, particularly in Gaza. Israel officials cite security concerns for restrictions. The report said economic problems were exacerbated by shortfalls in donor aid, forcing the Palestinian Authority to borrow unsustainable amounts from local banks to stay afloat. The report said the small Palestinian economy has slowly unraveled over nearly 20 years, with exports falling from 10 percent of the economy in 1994 to just 7 percent today, one of the world's lowest levels. The report was issued ahead of a donors meeting in Brussels on March 19.   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
