Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
November 1999
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    West Bank and Gaza Strip

    Economic Developments in the Five Years Since Oslo

    Patricia Alonso-Gamo

    Max Alier

    Thomas Baunsgaard

    Ulric Erickson von Allmen

    International Monetary Fund

    1999

    © 1999 International Monetary Fund

    Production: IMF Graphics Section

    Cover design: Phil Torsani

    Typesetting: Alicia Etchebarne-Bourdin

    Cataloging-in-Publication Data

    West Bank and Gaza Strip: economic developments in the five years since Oslo/ Patricia Alonso-Gamo … [et al.]—Washington, D.C.: Middle Eastern Department, International Monetary Fund, 1999.

    • p. cm.

    • Includes bibliographical references.

    • ISBN 9781557758279

    1. West Bank—Economic conditions. 2. Gaza Strip—Economic conditions. 3. West Bank—Fiscal policy. 4. Gaza Strip—Fiscal Policy. 5. Banks and banking—West Bank. 6. Banks and banking—Gaza Strip. 7. Infrastructure (Economics)—West Bank. 8. Infrastructure (Economics)—Gaza Strip. I. Alonso-Gamo, Patricia. II. International Monetary Fund. Middle Eastern Dept.

    HC415.254.W37 1999

    Price: $19.00

    Address orders to:

    International Monetary Fund, Publication Services

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    Internet: http://www.imf.org

    Contents

    The following symbols have been used throughout this paper:

    … to indicate that data are not available;

    —to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    – between years or months (for example, 1994-95 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    ⁄ between years (for example, 1994/95) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

    Preface

    The authors are grateful for helpful comments and suggestions from a large number of IMF colleagues, in particular for the detailed comments provided by David Burton, Pierre Dhonte, Salam Fayyad, Antonio Furtado, and Enrique de la Piedra. The authors are also grateful to Gail Berre of the External Relations Department who edited the paper for publication and coordinated production.

    The views expressed in this study are those of the authors and do not necessarily reflect those of the IMF or its Executive Directors.

    Definition of Acronyms

    COLA

    Cost-of-living-allowance

    CPI

    Consumer price index

    DAC

    Development Assistance Committee

    EC

    European Commission

    EIB

    European Investment Bank

    EMU

    Economic and Monetary Union (of the European Union)

    EU

    European Union

    GDI

    Gross disposable income

    GDP

    Gross domestic product

    GFMIS

    Government financial management and information system

    GNI

    Gross national income

    GPC

    General Personnel Council

    ICA

    Israeli Civil Administration

    ICBS

    Israeli Central Bureau of Statistics

    IDA

    International Development Association

    IGPC

    Insurance and General Pension Corporation

    ILO

    International Labor Organization

    IMF

    International Monetary Fund

    JD

    Jordan dinar

    JEC

    Joint Economic Committee

    MAS

    Palestine Economic Policy Research Institute

    MOPIC

    Ministry of Planning and International Cooperation

    NGO

    Nongovernmental organization

    NII

    National Insurance Institute

    NIS

    New Israeli sheqel

    PA

    Palestinian Authority

    PATACS

    Palestinian Authority tax administration computer system

    PAYG

    Pay-as-you-go

    PCBS

    Palestinian Central Bureau of Statistics

    PDP

    Palestinian development plan

    PECDAR

    Palestinian Economic Council for Development and Reconstruction

    PER

    Public expenditure review

    PLA

    Palestine Liberation Army

    PLC

    Palestinian Legislative Council

    PLO

    Palestine Liberation Organization

    PMA

    Palestinian Monetary Authority

    PSE

    Palestinian Securities Exchange

    TFP

    Total factor productivity

    UNCTAD

    United Nations Conference on Trade and Development

    UNDP

    United Nations Development Program

    UNRWA

    United Nations Relief and Works Agency

    UNSCO

    United Nations Special Coordinator in the Occupied Territories

    VAT

    Value-added tax

    WBG

    West Bank and Gaza

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