World Bank: Israeli restrictions cost Palestinian economy billions

October 11, 2013 6:56 AM

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World Bank: Israeli restrictions cost Palestinian economy billions

JERUSALEM-- Israeli restrictions in the West Bank cost the struggling Palestinian economy more than $3.4 billion a year, according to a report released by the World Bank on Tuesday.

More than half of West Bank lands are largely off-limits to Palestinians, the report said. Increasing access to these lands could boost gross domestic production by as much as 35%, generate $800 million in additional annual revenue for the Palestinian Authority, cut its deficit in half and reduce re...

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