Agencies-Gaza post
Net stock of international investment position reaches $3,750 million
The Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA) reported the preliminary results of the international investment position (IIP), and external debt statistics for Palestine as of the end of the first quarter of 2022.
The primary effects of the IIP (external assets – foreign liabilities) for Palestine at the end of the first quarter of 2022 showed that the net IIP amounted to $3,750 million, an increase of 2% compared with the last quarter, which means that the Palestinian economy’s assets outside Palestine outweigh investments in Palestine from abroad.
The total stocks of exterior assets for the Palestinian economy amounted to $9,788 million, the foreign direct investment abroad donated 3%, portfolio investments abroad got16%, while other foreign investments abroad (mainly currency and deposits) reached 72% and reserve assets amounted to 9%.
At the sectoral level, the external assets of the banking sector conveyed a large share of the external assets (balances abroad, vault cash, and portfolio investment) standing at 70% of the total value of external assets for the Palestinian economy.
The total reserves of foreign liabilities in Palestine (stocks of non-residents invested in Palestine) amounted to $6,038 million, the foreign direct investment in Palestine contributed to 51%, portfolio assets in Palestine reached 14%, and other assets in Palestine (mainly loans and deposits from abroad) amounted to 35%.
At the sectoral level, the foreign assets in the bank’s sector donated a major value to the foreign liabilities, expressed by 36% of the total value of foreign liabilities in the Palestinian economy.
The awful external debt of the Palestinian economic sectors gained $2,147 million, a decrease of 1% reached in the previous quarter. Debt in the government sector represented 61%, while debt in the banking sector (deposits of non-residents in banks operating in Palestine) reached 36%, and debt in other sectors (non-bank financial corporations, non-financial companies, NGOs, and households sector) amounted to 2%, and the lending between related companies got 1%.
M.K.
