(5) Following a March 2012 meeting of the Ad Hoc Liaison Committee (the committee chaired by Norway and co-sponsored by the European Union that serves as the policy coordinating mechanism for development assistance to the Palestinian people), Israel appealed to the International Monetary Fund (IMF) to support PA requests for special IMF economic assistance.Israel even attempted to acquire a one billion dollar IMF loan on behalf of the PA, but was turned down because the IMF reportedly did not want to set a precedent of one state taking a loan on behalf of a non-state entity.(6) In July 2012, Israel’s Minister of Finance, Dr.Yuval Steinitz, and PA Prime Minister Salam Fayyad, discussed new measures designed to boost the Palestinian economy.
According to Hatem Abdel Kader, the Fatah official in charge of the “Jerusalem Portfolio”, this growing trend is a result of the failure of the PA and Arab and Islamic countries to help the Palestinian residents of Jerusalem.Similarly, in July 2012, Israel advanced the PA 180 million shekels to ensure that the salaries of PA employees were paid before the Muslim holiday of Ramadan. (3) In order to reduce the level of Palestinian unemployment, Israel has increased the number of permits for Palestinians to work in Israel - by 40% since February 2011.(2) Since the signing of the 1993 Oslo accord, real GDP per capita in the West Bank has increased considerably. (4) Despite the constant barrage of rocket attacks emanating from the Gaza Strip, Israel provides most of the electric supply for both the West Bank and Gaza.In 2009 alone, some 10,544 patients and their companions left Gaza for medical treatment inside Israel.Further, Israeli doctors working through the organization Save a Child’s Heart have performed free life-saving heart operations for 2,300 children since 1995, with almost half of these children coming from the Palestinian Territories, Jordan and Iraq.