World Bank warns of ‘high risk’ of renewed Palestine-Israel conflict

Ma’an reports: The World Bank has warned of the “high risk” of renewed Palestine-Israel conflict following the third straight year of increasing poverty in the occupied Palestinian territory.

In a report released Tuesday, the World Bank pointed to war, reduced donor aid, the suspension of revenue payments, and ongoing restrictions by Israel as having had “a severe impact on the Palestinian economy.”

“The persistence of this situation could potentially lead to political and social unrest,” the report said.

“In short, the status quo is not sustainable and downside risks of further conflict and social unrest are high,” said the World Bank.

The percentage of the population living under the poverty line has reached 39 percent in Gaza and 16 percent in the West Bank. [Continue reading…]

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