VOL. XXXVII

NO. 1

4-OCTOBER-1993

Financial and Banking News

BUDGETS AND REVENUES

World Bank Raises Its Estimate Of Palestinian Financial Needs

The financial needs of the West Bank and the Gaza Strip will be $400mn-475mnannually during the next few years rather than the $300mn which was originallythought, ac- cording to the World Bank's director for the Middle East, Mr. RamChopra. The lower estimate did not take account of the need to finance civilgovernment or the effect of returning refugees. On...