VOL. XLVII

No 06

9-February-2004

REGIONAL BANKING

Cautious Lending Strategy Allows Palestinian Banks To Weather Recession, Says IMF

A relatively cautious lending strategy despite the strong economic growth seen in the mid to late 1990s has enabled banks in the West Bank and Gaza (WBG) to weather the recession that followed the September 2000 Intifada, concludes an International Monetary Fund (IMF) report entitled Economic Performance and Reform Under Conflict Conditions published on 15 September....