Summary
The international financial institution which, in The Political Economy of Israeli Occupation: What is Colonial about It?, effectively oversees the Palestinian Finance Ministry after Oslo — helping plan the Palestinian taxation system, supervising its internal accounts, and acting as interlocutor with the Israeli Finance Ministry to ensure customs revenues are transferred to the Palestinian Authority (The Political Economy of Israeli Occupation: What is Colonial about It?, PDF p.9).
Details
- With the World Bank and the Ad Hoc Liaison Committee, the IMF became an advisor of the PA after 1993, helping formulate and manage its economic policy (PDF p.9).
- The Bank and the IMF emphasised sound fiscal policy and the rule of law, pressing fiscal restraint and private-sector development against the PA’s security-heavy public employment, which Israeli closure made necessary to prevent total income collapse (PDF p.9).
Related pages
The Political Economy of Israeli Occupation: What is Colonial about It?, World Bank, Palestinian Authority, Paris Protocol