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FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT APRIL 2011<br />
PALESTINE EXCHANGE<br />
ECONOMIC AND POLITICAL DEVELOPMENTS<br />
Political Developments<br />
The Palestinian economy faces several<br />
challenges due to the Israeli occupation, yet,<br />
and in spite of these difficulties, it possesses<br />
great growth potential. Palestine owns an<br />
advanced and sophisticated banking system<br />
and a modern capital market which has the<br />
confidence of the public. The Palestinian<br />
economy continued to grow in 2010, but this<br />
growth remains driven by the PA’s spending<br />
financed by donor assistance.<br />
The Palestinian Government Reform and<br />
Development Plan (PRDP)<br />
The Palestinian National Authority (PNA) has<br />
worked hard to spread security, strengthen the<br />
private sector, enhance investor confidence<br />
and provide the proper investment<br />
environment so as to confront Israeli policies<br />
and prepare for state building on the 1967<br />
borders.<br />
Tangible results were witnessed in the first<br />
three quarters of 2010 including:<br />
• Increase in government local revenues (tax<br />
and non-tax) by 17.3% thus reduced<br />
dependence on foreign support.<br />
• Decline in Government expenditures by<br />
2.7%.<br />
• Decline in the deficit of the government<br />
general budget by 22.5%.<br />
• Increase in the Gross Domestic Product<br />
(GDP) by 9%.<br />
• Increase in the GDP Per Capita by 5%.<br />
• Decline in the Unemployment Rate by 24%.<br />
*source of information: Palestinian Central Bureau of Statistics<br />
(www.pcbs.org.ps)<br />
Information obtained from the Exchange.<br />
Key Information Contacts<br />
Palestine Capital Market Authority: www.cma.gov.ps<br />
Ministry of Finance: www.mof.gov.ps<br />
Ministry of National Economy: www.met.gov.ps<br />
Palestinian Investment Promotion Agency: www.pipa.gov.ps<br />
Palestine Monetary Authority: www.pma-palestine.org<br />
Palestinian Central Bureau of Statistics: www.pcbs.org.ps<br />
Palestinian Economic Council for Development and Reconstruction: www.pecdar.org<br />
Palestine Institute for Financial & Banking Studies: www.pifbs.com<br />
Palestine Media Center: www.palestine-pmc.com<br />
Custodian Bank - HSBC Bank Middle East: www.middleeast.hsbc.com<br />
Settlement Bank - Arab Bank Palestine: www.arabbank.ps<br />
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