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...
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