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2020-06-21

Net international investment balance in Palestine decreased by 16%

Ramallah – Palestine Economy Portal.

 

The preliminary results of the international investment situation and external debt to Palestine indicated that the discrepancy between the balances of the Palestinian economy’s investment investments outside Palestine, and the balances of foreign investment employed in the Palestinian economy (external assets - foreign liabilities) are still large, at a value of approximately $ 1.7 billion, a decrease of It is 16% compared to the previous quarter.

The preliminary results of the international investment situation and the external debt of Palestine as they were at the end of the first quarter 2020 showed that the total balances of the assets of the Palestinian economy invested abroad amounted to approximately $ 7.2 billion. As for the sectoral level, the foreign investments of the banking sector accounted for 66% of the total external assets of the Palestinian economy.

In contrast, the total balances of foreign liabilities on the Palestinian economy (balances of non-residents invested in Palestine) amounted to approximately $ 5.4 billion. At the sectoral level, foreign investments in the banking sector constituted about 36% of the total foreign liabilities on the Palestinian economy.

The balance of the government external debt is about $ 1.3 billion at the end of the first quarter

Initial results indicated that the total balance of external debt on the Palestinian economic sectors amounted to about $ 2.05 billion, an increase of 4% compared to the previous quarter, distributed between debt on the government sector by 62%, the banking sector by 35%, and other sectors (companies Non-bank finance, non-financial companies, private institutions, and households) by 2%, and borrowing between affiliated subsidiaries by less than 1%.

It is worth noting that the international investment status represents a record of the balances of investments of residents in Palestine (individuals, companies and government) invested abroad as assets on one hand, and the investment balances owned by residents outside Palestine (individuals, companies and governments) and invested in Palestine under liabilities on the other hand.

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