© 1998 International Monetary Fund
Cover design and figures: In-Ok Yoon
Composition: Alicia Etcbebarne-Bourdin
IMF Graphics Section
Library of Congress Cataloging-in-Publication Data
The economy of the West Bank and Gaza Strip: recent experience,
prospects, and challenges to private sector development / by Steven
Barnett … [et al.].
p. cm.
ISBN 9781557757258 (pbk.)
1. West Bank—Economic conditions. 2. Gaza Strip—Economic
conditions. 3. West Bank—Economic policy. 4. Gaza Strip—Economic
Policy. I. Barnett, Steven. II. International Monetary Fund.
HC415.254.E261998
338.95694—DC21 98-18343
CIP
Price: $15.00
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Acknowledgments
The authors are grateful for valuable suggestions from a large number of IMF colleagues, and in particular from Salam Fayyad, who provided detailed and in sightful comments. Jeff Hayden of the External Relations Department edited and coordinated production of the publication.
The views expressed in this study are those of the authors and should not be attributed to the IMF, its Executive Directors, the Palestinian authorities, or the authorities of IMF member countries.
Contents
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Acknowledgments
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1. Introduction
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Milan Zavadjil
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2. Recent Experience and Prospects
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Oussama Kanaan
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3. Private Investment under Uncertainty in the West Bank and Gaza Strip
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Oussama Kanaan
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4. Monetary Policy in the West Bank and Gaza Strip in the Absence of a Domestic Currency
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Steven Barnett
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5. Fiscal Policy and Its Impact on Private Sector Activity
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Dale Chua
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6. The Trade System
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Nur Calika