Main reports: The World Bank produced a report on Palestine’s electricity sector, citing non-payment to the Israel Electric Corporation as a hindrance to fiscal and economic stability.
A new Credit Guarantee Facility to support the recovery of the private sector in Gaza will soon be launched by the World Bank.
Zahi Khouri was announced as one of five honourees globally of the Business for Peace Foundation’s 2015 Oslo Business for Peace Award.
In Q4 2014 the current account deficit reached 6.4% of quarterly GDP at current prices, a substantial decline from the previous quarter.
In Q4 2014 Palestine’s International Investment Position (defined as external assets minus foreign liabilities) stood at $1,234m, marking a 5.4% increase from Q3 2014.