OIC: Palestinian economy lacks infrastructure

[ 14/08/2011 – 01:10 PM ]

JEDDAH, (PIC)– The Organization of Islamic Cooperation, the largest international organization after the United Nations, said in a report concluding the month of July that the Palestinian economy, which is under construction, lacks the infrastructure that qualifies it to work independently from the Israeli economy.

This has had an effect on the unemployment rates, especially for those who have tertiary education, the report says.

The report also says that Israel’s ban on Palestinian exports has played a major role in decline of the Palestinian economy and rise in unemployment. It also divides the geographic regions and stops the operations of economic enterprises.

The OIC recommended that funding is made to start smaller projects as a solution to the unemployment crisis. It also called for loan programs to be instituted for graduates in the neighboring Arab countries, and for neighboring markets to absorb the graduates under the loan programs.

The report also sheds light on the movement of humanitarian aid missions to the Gaza Strip that arrived in the Gaza Strip in July, and highlighted the degree of poor humanitarian conditions experienced by the Palestinians in the Gaza Strip.

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