Palestine Economic Update
Palestine Economic Update - September 2024
author: Palestine Economic Policy Research Institute - MAS
year: 2024
- Humanitarian aid entering the Gaza Strip has sharply declined since Israel invaded the Rafah crossing and border corridor in May 2024, while commercial food imports through Israeli-controlled crossings have surged. The population in the Strip is still facing severe financial and physical barriers to food access.
- The war has resulted in a vast and severe destruction of social infrastructure in Gaza. All schools remain closed for a second academic year, 85% of school buildings are damaged, most houses are destroyed or damaged, and less than half of hospitals are partially operational.
- Israeli forces conducted a ten-day military operation in the northern West Bank, killing 51 Palestinians and causing extensive damage to infrastructure, homes, and
- businesses, with destruction costs exceeding $63mn.
- The EU disbursed the second payment of a €400mn short-term emergency assistance to the PA, conditioned on progress in governance reforms.
- The Palestine Stock Exchange reported a 62% drop in listed companies’ net profits for the first half of 2024, down to $75mn.
