IMF, WB warn of new Gaza violence
The World Bank and International Monetary Fund warned Tuesday that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence.
The warnings came three weeks after Israel and Hamas signed a ceasefire to end 50 days of conflict.
"Without immediate action by the Palestinian Authority, donors and the government of Israel to revitalise the economy and improve the business climate, a return to violence as we have seen in recent years will remain a clear and present danger," the World Bank quoted Palestinian territories director Steen Lau Jorgensen as saying in a statement.
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