State of

PALESTINE
Eretz Yisraʾel, Philistia, Syria Palaestina
Introduction Palestine, biblical Canaan, Region,
at the eastern end of the
Mediterranean Sea. The land was
first inhabited as long ago as 9000
BC . The Hebrews (ancestors of
today's Jews) settled in Palestine in
State of 1900 BC and had formed the
kingdom of Israel, ruled by King

PALESTIN
David, by 1000 BC .

Capitals: Jerusalem, Ramallah

Mahmoud Abbas Continent: Asia
( ‫)َم ْحُم ود َع َّباس‬ Population: 4.923 million (2021) World Bank
President of Palestine
Eretz Yisraʾel, Philistia, Official
Syria Palaestina
language: Arabic

E
Government: Parliamentary system, Unitary state,
Provisional government, Semi-presidential system
 In the 20th and 21st centuries it has been the object of conflicting
claims by Jewish and Arab national movements. The region is sacred
to Judaism, Christianity, and Islam. Settled since early prehistoric
times, mainly by Semitic groups, it was occupied in biblical times by the
kingdoms of Israel, Judah, and Judaea. It was subsequently held by
virtually every power of the Middle East, including the Assyrians,
Persians, Romans, Byzantines, Crusaders, and Ottomans. It was
governed by Britain after the end of World War I (1914–18)—from
1922, under a League of Nations mandate—until 1948, when the State
of Israel was proclaimed. Armies from Egypt, Transjordan, Syria, and
Iraq attacked the next day. They were defeated by the Israeli army. For
later history of the region, see Israel; Jordan; West Bank; Gaza Strip.

History
 The State of Palestine currently enjoys bilateral
recognition from 139 States. Many States extended
recognition to the State of Palestine following the
Declaration of Independence by the Palestine National
Council on 15 November 1988 in Algeris, Algeria. Other
States recognized the State of Palestine in the recent
period following extensive bilateral and multilateral
diplomatic efforts

Foreign Policy
 The Palestinian economy was stagnant and the socio-economic situation
already difficult prior to the breakout of COVID-19. This is attributed to
restrictions by Israel (on trade, movement and access), recurrent
hostilities, internal divide, and falling aid inflows.
The economic consequences of the war in Ukraine and associated
sanctions may also affect the outlook through mounting inflationary
pressure. The ongoing pandemic may also cause risks to the outlook,
especially if no additional vaccines are secured beyond mid-2022.
Further, if recent clashes between Palestinians and the Israeli forces in
the West Bank and in Gaza escalate, there is little room left to absorb
such shocks.

Economic Policy