An-Najah News - Even though the Palestinian Authority's recent decision to resume coordination with Israel is expected to ease the fiscal stress, a large financing gap of US$760 million is projected for 2020.
The World Bank said in a financial report  "The donor community and Israel remain crucial to secure additional financing" .

Given the role that clearance revenues could play as a potential stabilizer for the Palestinian economy.

The World Bank said ensuring their uninterrupted flow is a key prerequisite for reducing volatility and maintaining economic stability going forward.

The report said “The Palestinian economy has been in a very difficult situation in 2020 facing triple crises reinforcing each other: i) a resurgent COVID-19 outbreak, ii) a severe economic slowdown, and iii) a political standoff with the Government of Israel that disrupted clearance revenues for over six months (May-November 2020). Consequently, GDP for the entire year is expected to contract by about 8 percent".