TAILIEUCHUNG - Palestinian Economic Prospects: Aid, Access and Reform

A first option for providing additional monetary accommodation, if necessary, is to expand the Federal Reserve’s holdings of longer-term securities. As I noted earlier, the evidence suggests that the Fed’s earlier program of purchases was effective in bringing down term premiums and lowering the costs of borrowing in a number of private credit markets. I regard the program (which was significantly expanded in March 2009) as having made an important contribution to the economic stabilization and recovery that began in the spring of 2009. Likewise, the FOMC’s recent decision to stabilize the Federal Reserve’s securities. | 1 Palestinian Economic WORLD BANK I Aid Access and Reform Economic Monitoring Report to the Ad Hoc Liaison Committee Palestinian Economic Prospects Aid Access and Reform Economic Monitoring Report to the Ad Hoc Liaison Committee September 22nd 2008 world bank j The World Bank ps Palestinian Economic Prospects Aid Access and Reform Acronyms AHLC AMA CMWU COGAT EC EU GDP GNP GOI ICA IMF LACS MENA MOF MOP MTEF MTIT NGO ODA OQR PA PCBS PFM PRDP PSCC PEA PLC PMA PWA SWG TA UNRWA UNSCO WBG Ad-Hoc Liaison Committee Agreement on Movement and Access Coastal Municipal Water Utility in Gaza Coordinator of Government Activities in the Palestinian Territories European Commission European Union gross domestic product gross national product Government of Israel Investment Climate Assessment International Monetary Fund Local Aid Coordination Secretariat Middle East and North Africa Ministry of Finance Ministry of Planning Medium-Term Expenditure Framework Ministry of Telecommunications and Information Technology non-governmental organization official development assistance Office of the Quartet Representative Palestinian National Authority Palestinian Central Bureau of Statistics Public Financial Management Palestinian Recovery and Development Plan Private Sector Coordination Council Palestinian Energy Authority Palestinian Legislative Council Palestinian Monetary Authority Palestinian Water Authority Sector Working Group technical assistance United Nations Relief and Works Agency Office of the United Nations Special Coordinator West Bank and Gaza

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