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publicationMay 8, 2022

Economic Monitoring Report to the Ad Hoc Liaison Committee- May 2022

A vegetable trader having hard time selling the goods, West Bank.

Despite signs of recovery after the easing of COVID-related measures, the fiscal situation remains highly challenging due to the accumulation of large arrears and very low aid. In addition, the COVID-19 pandemic had a severe impact on the well-being of Palestinians and led to the emergence of newly poor Palestinians, as well as a broad increase in the vulnerability to food insecurity. The outlook remains precarious, and efforts are needed to place the Palestinian economy on a sustainable trajectory.