Gaza war set to reverse Palestinian economic growth. ‘World Bank says economy expected to shrink by nearly 4% this year but could rebound in 2015 if Gaza reconstruction begins’
If Gaza reconstruction begins, it will take a massive injection of capital from donor countries to start up the repair process and sustain it to the point where growth begins its climb back into positive numbers.
But where is the incentive to donate very serious sums of money, to invest significantly in part of the region now known to be at risk from bombardment, invasion and disruption on what seems like a fairly regular basis?
Any group of nations or investors prepared to stump up the necessary billions in cash and services that 50 days of near continual aerial attack have made necessary, may be in no hurry to do so if they feel it might have to be done all over again in a few years time.
Therefore any guarantee that makes this repetition most unlikely will be an asset that all concerned would find more than welcome.
www.laxiankey.com – ‘ for those of us with better things to do.’
And for those trying to build a better future in so volatile a neighbourhood, any prospect of real stability in the years ahead becomes a major factor in whatever processes and proceedings are envisaged and undertaken.