Palestinian Economy Suffers Deeper Poverty and Higher Unemployment

The latest report by the UN Conference on Trade and Development (UNCTAD) on its assistance to the Palestinian people shows that poverty and unemployment have increased in the Occupied Palestinian Territory in the aftermath of the COVID-19 shock.

The report outlines the dire impact of a significant decline in budgetary support from donors and the restrictions imposed by occupation. It urges the international community to extend sufficient and predictable financial support to the Palestinian people to alleviate suffering and prevent a deep socioeconomic crisis from worsening.

UNCTAD experts will present the report to the media under embargo at a press conference on 14 September in Ramallah (10 am local time), Cairo (1:30 pm local time) and Geneva (11 am local time).

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About UNCTAD

UNCTAD is the UN’s leading institution dealing with trade and development. It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.

UNCTAD is part of the UN Secretariat and has a membership of 195 countries, one of the largest in the UN system. UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively.

We provide economic and trade analysis, facilitate consensus-building and offer technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.

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Journalists with access to the UNCTAD virtual newsroom may download the full text of the study as well as the press release.

Access to the virtual newsroom requires a password. To obtain one, please fill out the online form.

After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.

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