The World Bank In West Bank and Gaza

Against the backdrop of the humanitarian emergency in Gaza and in line with our mission, the World Bank is working in close collaboration with development partners to support urgent relief efforts for the affected people of Gaza. In the immediate term, we are mobilizing resources through project restructurings and World Bank managed trust funds that deliver help to the poorest and most vulnerable people. The funds mobilized are being used to provide lifesaving interventions, including emergency medical supplies, food and water. These activities are being implemented through UN Agencies, including UNICEF, WHO and WFP, based upon their ability to operate on the ground during an active conflict. The World Bank grieves the tragic loss of life and devastating impact on all civilians from this conflict.

Report - September 2024

Impacts of the Conflict on the Palestinian Economy

The Palestinian territories are nearing economic freefall, amidst a historic humanitarian crisis in the Gaza Strip.
Press release - April 2024

Joint World Bank , UN Interim Report Assesses Damages to Infrastructure in Gaza

The cost of damages to critical infrastructure in Gaza between October 2023 and the end of January 2024 is estimated to be ~$18.5B according to a new report.
Press Release – February 2024

WORLD BANK SUPPORTS delivery of essential EDUCATION services

$30 million grant will help ensure continuity of essential education for children.

West Bank and Gaza At-A-Glance

May 11, 2023 – The lack of progress towards peace and reconciliation continues to create an unsustainable economic situation in the Palestinian territories. Economic momentum faltered during 2019 driven by a decline in private and public consumption and investment. The PA’s fiscal stress significantly heightened in 2019 over clearance revenues.

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Project

An additional grant of $10 million will support job creation for Palestinians in response to the economic impact of COVID-19.

Finance for Jobs II Second Additional Financing - COVID-19 Response

The Finance for Jobs II Second Additional Financing (F4J II) intends to further catalyze private investment in high potential sectors for job creation.

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Experts

Stefan Emblad

Country Director for the West Bank and Gaza

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In Depth

Sep 18, 2023

World Bank Economic Monitoring Report to the Ad Hoc Liaison Committee- September ...

The Palestinian economy is expected to continue operating well below its potential. Growth is projected to hover around 3 percent and given population growth trends, income per capita is thus expected to stagnate, ...
May 02, 2023

Economic Monitoring Report to the Ad Hoc Liaison Committee- May 2023

The Palestinian economy’s post-pandemic recovery continued in 2022 with GDP growth at 3.9 percent. However, the GDP growth is expected to slow during 2023 as the post-pandemic rebound tapers off.
Apr 14, 2022

Palestinian Territories' Economic Update — April 2022

The Palestinian economy was stagnant and the socio-economic situation already difficult prior to the breakout of COVID-19. This is attributed to restrictions by Israel (on trade, movement and access), recurrent ...
Palestinian Digital Economy Assessment- Report

This report aims to assess the state of digital economy development in the West Bank and Gaza, identify opportunities for further growth, and inform reforms and donor support programs.

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