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OIC: Palestinian economy lacks infrastructure

Aug. 14, 2011 10:55 A.M. (Updated: Aug. 22, 2011 3:24 P.M.)
RAMALLAH (Ma'an) -- The Palestinian economy lacks the infrastructure to be independent from Israel, according to a July report by the Organization of Islamic Cooperation.

Israel's siege on Gaza and its ban on the export of Palestinian produce played a major role in the high unemployment rates in the occupied territories, the OIC said.

The siege also cut off geographical contiguity between the West Bank and Gaza and impeded operating economic facilities, the report added.

The OIC recommended providing funds to build small projects as well as facilitating secondment programs for Palestinian alumni in Arab countries.

Meanwhile, the organization reviewed projects carried out in the Gaza Strip by international and local humanitarian foundations, and said the Islamic Development Bank and the French Committee for Charity and Support for the Palestinians had made significant contributions in July.
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