VOL. XLVI

No 50

15-December-2003

BUDGETS AND REVENUES

IMF Report Shows $900Mn Diverted From PAs Accounts During 1995-2000

An International Monetary Fund (IMF) report on West Bank and Gaza entitled Economic Performance and Reform Under Conflict Conditions published on 15 September found that almost $897.6mn was diverted from the PAs accounts during 1995-2000. The IMF report notes that most of the diverted tax revenue was used for investment in PA commercial operations through the Palestinian...