• About Us
  • Who Are We
  • Work With Us
Tuesday, December 10, 2019
No Result
View All Result
NEWSLETTER
The Globe Post
39 °f
New York
44 ° Fri
46 ° Sat
40 ° Sun
41 ° Mon
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed
No Result
View All Result
The Globe Post
No Result
View All Result
Home Featured

Israeli Occupation Costs Palestinian Economy $2.5 bn a Year: UN

Staff Writer by Staff Writer
December 2, 2019
in Featured, World
Israeli Occupation Costs Palestinian Economy $2.5 bn a Year: UN

Demonstration at the Israeli West Bank barrier. Photo: Marco Longari / AFP /

Share on FacebookShare on Twitter

Israel’s occupation of the Palestinian territories has cost the economy of the Palestinians more than $2.5 billion a year for the past two decades, a U.N. report said Monday.

The United Nations Conference on Trade and Development report estimated the total fiscal loss to the Palestinian government between 2000 and 2017 at $47.7 billion.

The figure included $28 billion in accrued interest and $6.6 billion in leakage from Palestinian fiscal revenues.

It said the amount would have been enough to eliminate the Palestinian government’s $17.7 billion budget deficit over the same period more than twice over.

The report argued if the $47 billion had been invested sensibly in the impoverished Palestinian economy, it would have created an extra two million jobs over the 18-year period, or 110,000 a year.

The report was presented at the Palestine Economic Policy Research Institute (MAS) in the West Bank city of Ramallah, home to the Palestinian government.

Misyef Jameel, senior researcher at MAS who worked on the report, said they only measured the direct fiscal impact.

The real figure for all loses was likely much higher, he said.


More on the Subject

In Historic Reversal, US Will No Longer Consider Israeli Settlements Illegal

Share1Tweet1
Staff Writer

Staff Writer

AFP with The Globe Post

Related Posts

US President Donald Trump
Opinion

How Trump’s Policies Could Detonate the Middle East Powder Keg

by Hossein Askari
November 27, 2019
US President Donald Trump and President of the European Commission Jean-Claude Juncker at a G20 economic summit on July 8, 2017 in Hamburg, Germany.
Environment

US, EU ‘Owe Half The Cost’ of Repairing Climate Damage

by Staff Writer
November 25, 2019
Israel Expels Human Rights Watch Country Director
Featured

Israel Expels Human Rights Watch Country Director

by Staff Writer
November 25, 2019
Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting in Jerusalem on November 19, 2017
Featured

Netanyahu Indicted for Bribery, Fraud, and Breach of Trust: Justice Ministry

by Staff Writer
November 21, 2019
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.
Featured

In Historic Reversal, US Will No Longer Consider Israeli Settlements Illegal

by Staff Writer
November 18, 2019
A Yemeni child suffering from malnutrition lies on a bed at a treatment centre in a hospital in the capital Sanaa
Featured

Yemen to Become World’s Poorest Country if War Continues: UN

by Staff Writer
October 10, 2019
Next Post
The EU's foreign policy chief Federica Mogherini and Iranian Foreign Minister Javad Zarif.

Six European Countries Join Barter System for Iran Trade

From left to right: Sen. Cory Brooker, Rep. Tulsi Gabbard, Sen. Amy Klobuchar, Mayor Pete Buttigieg, Sen. Elizabeth Warren, former Vice President Joe Biden and Sen. Bernie Sanders on the debate stage in Atlanta

Presidential Candidates: What’s Your Plan for Draining the Swamp?

Recommended

stephen miller white nationalism

Democratic Senators Demand ‘White Nationalist’ Trump Advisor be Fired

December 9, 2019
Climate Change Poses ‘Lifelong’ Child Health Risk

Climate, Immigration Activists Join Forces Demanding ‘Just Transition’

December 9, 2019
European Union flags

EU Okays Mega State Aid to Develop Electric Battery Giants

December 9, 2019
US President Donald Trump pauses while speaking about infrastructure at the Cameron LNG Export Facility on May 14, 2019

Why It Is Time for Trump to Forge a New Iran Deal

December 9, 2019
Windmill near the COP23 climate meeting in Bonn, Germany with coal plant in the background

Stakes are Global as Africa Faces ‘Climate Dilemma’

December 9, 2019
US President Donald Trump

Is Trump’s ‘Maximum Pressure’ Campaign on Iran Working?

December 6, 2019

Opinion

US President Donald Trump pauses while speaking about infrastructure at the Cameron LNG Export Facility on May 14, 2019

Why It Is Time for Trump to Forge a New Iran Deal

December 9, 2019
US President Donald Trump

Climate Won’t Be Only Winner if Trump Repledges to Paris Agreement

December 5, 2019
Police fires tear gas at protestors in Hong Kong.

Protests in Hong Kong: Media’s Portrayal Versus Firsthand Experience

December 4, 2019
From left to right: Sen. Cory Brooker, Rep. Tulsi Gabbard, Sen. Amy Klobuchar, Mayor Pete Buttigieg, Sen. Elizabeth Warren, former Vice President Joe Biden and Sen. Bernie Sanders on the debate stage in Atlanta

Presidential Candidates: What’s Your Plan for Draining the Swamp?

December 2, 2019
US President Donald Trump

How Trump’s Policies Could Detonate the Middle East Powder Keg

November 27, 2019
Rohingya refugees wait for food distribution organized by the Bangladesh army at the refugee camp of Balukhali near Gumdhum

Can the International Community Save the Rohingya?

November 26, 2019
Facebook Twitter

Newsletter

Do you like our reporting?
SUBSCRIBE

About Us

The Globe Post

The Globe Post is part of Globe Post Media, a U.S. digital news organization that is publishing the world's best targeted news sites.

submit oped

© 2018 The Globe Post

No Result
View All Result
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed

© 2018 The Globe Post