The Media Line Staff Palestinian Territory Linda Gradstein (The Medi – As the Palestinian economy falters, Israel recently asked the International Monetary Fund, the IMF, for a bridge loan of $100 million to help the Palestinian Authority (PA) pay June salaries. Since the PA is not a state, it cannot appeal directly to the IMF. [...]
Posts Tagged ‘budget’
IMF walks away from the kingdom
May 22nd, 2012
davidguide Mbabane, Swaziland (IRIN) – The International Monetary Fund (IMF) has withdrawn its advisory team from Swaziland, saying it is unable to support the government’s proposed financial reform program. The IMF was assisting the government in implementing the Fiscal Adjustment Roadmap (FAR), to right-size the budget, where government spending currently exceeds its revenue. “Government has yet [...]
Microloan demand grows in the West Bank and Gaza Strip, despite the risks
April 22nd, 2012
davidguide Gaza, Palestinian Territory (IRIN) – The demand for microloans has risen steeply in the West Bank and Gaza Strip in recent years, according to data from the Palestinian Network for Small and Microfinance (Sharakeh), which represents 11 microfinance non-profit institutions whose total loan portfolio was US$75 million by the end of 2011. Between 2007 and [...]
Visions for a healthier West Bank economy
January 13th, 2012
davidguide Ramallah, Palestinian Territory (IRIN) – Izz Tawil draws a black circle on the flip-chart in his office in Ramallah, capital of the West Bank in the occupied Palestinian territory (oPt). “The Palestinian economy is a closed cash-circle,” the general manager of the Palestinian microfinance network Sharakeh explains. He goes on to draw several small arrows [...]
Parker budget plan cuts 747 city jobs, closes pools
May 20th, 2011
davidguide Mayor Annise Parker, facing what she described as the toughest fiscal environment in more than 20 years, on Thursday proposed a $1.8 billion budget that calls for laying off 747 employees, closing pools and community centers and slashing other programs. View full post on All Stories
California impasse continues with revised budget plan
May 17th, 2011
davidguide Kris Alingod – AHN News Contributor Sacramento, CA, United States (AHN) – The impasse over extending taxes continues in California despite a revised budget plan from Gov. Jerry Brown that relies on an unanticipated rise in revenue. Republicans have insisted on an alternative plan that would cut compensation for state workers by 10 percent. The [...]
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