The World Bank has a reputation for integrity and objective professional analysis which it’s new report calls into question.
When Israel vacated Gaza American Jewish donors had bought more than 3,000 greenhouses from Israeli settlers in Gaza for $14 million dollars and transferred them to the Palestinian Authority. Former World Bank President James Wolfensohn, who brokered the deal, put up $500,000 of his own cash. To show their gratitude and their commitment to peace, the Arabs looted, ransacked and destroyed evey single farm including seeds, tents, state of the art agricultural equipment and dwellings….rsk
A newly-released report issued by the World Bank’s office for the “occupied Palestinian territories” charges that “Israel’s occupation costs the Palestinian economy $3.4 billion each year.” That claim has certain logic. The more the PA gets, the greater their wealth; one side’s gain is the other’s loss. Tel Aviv would be better, but that also doesn’t belong to them.
The purpose of this report seems to be to raise economic and financial claims against Israel which imply deceit and theft, thereby shifting blame for the PA ’s problems to Israel.
To understand why the new report was issued, one must compare it with a more comprehensive World Bank report issued in 2012 which described the PA ’s economy as a failure, “unsustainable” – not so much because of Israeli security restrictions, but due to inherent flaws and rampant corruption within the PA itself.
The 2012 report, Towards Economic Sustainability of a Future Palestinian State: Promoting Private Sector-Led Growth, analyzed the PA economy critically, upsetting Palestinians and their supporters, and challenging their portrayal as victims of Israeli policies.