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Palestinians’ living conditions may be about to start improving
Yossi Mekelberg
December 16, 2020 04:42
A Palestinian girl is pictured behind a whole at her destroyed family s house, Gaza City, Oct. 8, 2020. (AFP)
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For years, the financial situation of the Palestinian Authority (PA) has teetered on the brink of collapse. The heyday of the Oslo years, during which the Palestinian economy was looking up, is long gone. A consequence of the Second Intifada that broke out 20 years ago was that the Palestinian economy suffered a sharp and painful deterioration, characterized by violence, destruction, and the entrenchment of Israel’s harsh occupation and oppressive actions. But it was also due to a lack of good and accountable governance from the PA. Divisions between the West Bank and Gaza further harmed Palestinian society and its economy, discouraging foreign investment and stunting economic development.