Bank says worst-case scenario would see conflict spread across the region and oil prices exceed $140 per barrel, driving up the cost of food
The post World Bank warns Israel-Hamas war could push oil prices into ‘uncharted territory’ appeared first on The Times of Israel.

International lender decries 'lengthy, bureaucratic regime of permits,' saying many Palestinians die before they can obtain treatment

Conflict and unemployment are heavily impacting mental health, organization says, calls for a 'holistic' solution

Global lender says Israeli restrictions 'among the most important obstacles to growth and private sector development' in West Bank and Gaza

Figure far in excess of World Bank's $34 billion estimate in the wake of the 7.8 magnitude quake in Turkish-Syrian border area last month, which claimed more than 50,000 lives

Report ahead of donor conference in Brussels - to be attended by Israeli minister - finds West Bank economy grew 7.8% in 2021, but was hit by record-low foreign donations

Agreements expected to bring crisis-ridden nation up to 250 megawatts daily within two months, enough for about two hours of power a day; World Bank to finance arrangement

Report accuses Israel of 'contributing to the crisis' by withholding portion of tax revenues it collects in order to offset amount Palestinian Authority pays to security prisoners

Report finds economy may grow 6% this year, but is expected to slow in 2022, with poverty in Gaza on the rise and the cash-strapped PA sinking further into debt

As US freezes aid and Europe threatens to do the same, country's gains in stabilizing the economy and moving toward the West could be reversed, analysts warn

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