Wednesday December 2, 2020

I've Been Thinking:

$1.732 billion is a large sum of money. That sum is the difference between private Palestinian investments flowing out of Palestinian Authority areas and external investments flowing into PA areas.

In other words, people with money living in the Palestinian Authority are investing their money outside the Palestinian Authority. And of all those people who say that they care about the Palestinians are investing very little in the Palestinians. They are not putting their money where their mouths are.

These figures come from the Palestinian Central Bureau of Statistics.

Ghassan Halum, a Palestinian investor explained: “When people go abroad and invest, they usually intend to earn some capital and then return home, but they get used to a certain system and laws, in addition to facilities and privileges. When they return home, the corruption and complications needed to get things done shock them.”

This is not good news. It means that the Palestinian economy is losing billions of dollars annually.

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