{"disclaimer":"Transcripts available through this tool are created by using automatic speech recognition and are not official records nor official documents of the United Nations. Official records and official documents are available on the Official Document System of the United Nations.","url":"https://transcripts.un.org/zh/asset/k1k/k1kfjy2mck?lang=en","llms":{"note":"Plain-text sibling of this page, compact for LLM context. For the full API guide (search, listing, URL grammar) see /llms.txt.","textUrl":"/zh/asset/k1k/k1kfjy2mck.txt","guide":"/llms.txt"},"video":{"id":"k1k/k1kfjy2mck","kaltura_id":"1_kfjy2mck","title":"UNCTAD Press conference: Report 2026 on developments in the economy of the Occupied Palestinian Territory","clean_title":"UNCTAD Press conference: Report 2026 on developments in the economy of the Occupied Palestinian Territory","url":"https://webtv.un.org/en/asset/k1k/k1kfjy2mck","date":"2026-09-24T00:00:00.000Z","scheduled_time":"2026-09-24T12:00:00.000Z","status":"finished","duration":"00:41:28","category":"Press Conferences","body":null,"event_code":null,"event_type":null,"session_number":null,"pv_symbol":null,"pv_part":null,"slug":"asset/k1k/k1kfjy2mck"},"metadata":{"summary":null,"description":null,"categories":[],"geographic_subject":[],"subject_topical":[],"corporate_name":[],"speaker_affiliation":[],"related_documents":[]},"transcript":{"transcript_id":"azure-llm-speech-b2103148-3bac-45a6-bf9d-8a3703a0af9f","language":"en","data":[{"statement_number":1,"start":1.71,"pageUrl":"/zh/asset/k1k/k1kfjy2mck?lang=en&t=0:02","paragraphs":[{"sentences":[{"text":"Good afternoon, everybody, and welcome to the presentation of UNGTAD's latest report on the UNGTAD assistance to the Palestinian people presented 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have with us the Acting Secretary-General, who will give some introductory remarks.","start":17.07,"end":25.31,"topics":[],"words":[{"text":"We","start":17.07,"end":17.39},{"text":"have","start":17.39,"end":17.95},{"text":"with","start":18.19,"end":18.51},{"text":"us","start":18.51,"end":18.91},{"text":"the","start":19.75,"end":19.95},{"text":"Acting","start":20.07,"end":20.55},{"text":"Secretary-General,","start":20.63,"end":21.67},{"text":"who","start":22.07,"end":22.31},{"text":"will","start":22.31,"end":22.47},{"text":"give","start":22.47,"end":22.79},{"text":"some","start":22.95,"end":23.39},{"text":"introductory","start":23.39,"end":24.23},{"text":"remarks.","start":24.71,"end":25.31}]},{"text":"He's connecting from New 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York.","start":31.07,"end":36.27,"topics":[],"words":[{"text":"happening,","start":31.07,"end":31.63},{"text":"as","start":31.71,"end":31.95},{"text":"all","start":31.95,"end":32.27},{"text":"of","start":32.31,"end":32.51},{"text":"you","start":32.51,"end":32.63},{"text":"know,","start":32.63,"end":32.99},{"text":"these","start":33.63,"end":33.95},{"text":"days","start":33.95,"end":34.59},{"text":"in","start":35.07,"end":35.47},{"text":"New","start":35.63,"end":35.79},{"text":"York.","start":35.79,"end":36.27}]},{"text":"And afterwards, we will connect to Mr. Mutassim El-Agra, who will get into more technical details of this report, which is a longstanding mandate of the General Assembly that UNGTA 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further ado, Acting Secretary-General Pedro Manuel Moreno, the floor is yours.","start":51.79,"end":55.87,"topics":[],"words":[{"text":"Without","start":51.79,"end":52.11},{"text":"further","start":52.11,"end":52.39},{"text":"ado,","start":52.39,"end":52.67},{"text":"Acting","start":53.39,"end":53.63},{"text":"Secretary-General","start":53.63,"end":54.39},{"text":"Pedro","start":54.39,"end":54.63},{"text":"Manuel","start":54.63,"end":54.87},{"text":"Moreno,","start":54.87,"end":55.15},{"text":"the","start":55.15,"end":55.27},{"text":"floor","start":55.27,"end":55.47},{"text":"is","start":55.47,"end":55.55},{"text":"yours.","start":55.55,"end":55.87}]},{"text":"Thank you.","start":55.87,"end":56.15,"topics":[],"words":[{"text":"Thank","start":55.87,"end":56.03},{"text":"you.","start":56.03,"end":56.15}]}]}],"speaker":{"affiliation":"UNCTAD","group":null,"function":"Moderator","affiliation_full":"UNCTAD"}},{"statement_number":2,"start":60.07,"pageUrl":"/zh/asset/k1k/k1kfjy2mck?lang=en&t=1:01","paragraphs":[{"sentences":[{"text":"Thank you, Marcelo.","start":60.07,"end":60.87,"topics":[],"words":[{"text":"Thank","start":60.07,"end":60.27},{"text":"you,","start":60.27,"end":60.39},{"text":"Marcelo.","start":60.47,"end":60.87}]},{"text":"Good afternoon, and thank you for joining us for the presentation of UMTAT's report on developments in the economy of the occupied Palestinian territory.","start":60.87,"end":70.87,"topics":[],"words":[{"text":"Good","start":60.87,"end":61.07},{"text":"afternoon,","start":61.07,"end":61.67},{"text":"and","start":61.67,"end":62.15},{"text":"thank","start":62.31,"end":62.71},{"text":"you","start":62.71,"end":62.87},{"text":"for","start":62.87,"end":63.19},{"text":"joining","start":63.19,"end":63.51},{"text":"us","start":63.51,"end":63.91},{"text":"for","start":64.31,"end":64.47},{"text":"the","start":64.47,"end":64.55},{"text":"presentation","start":64.55,"end":65.23},{"text":"of","start":65.23,"end":65.31},{"text":"UMTAT's","start":65.35,"end":66.23},{"text":"report","start":66.23,"end":66.79},{"text":"on","start":66.79,"end":66.95},{"text":"developments","start":66.95,"end":67.51},{"text":"in","start":67.51,"end":67.67},{"text":"the","start":67.67,"end":67.79},{"text":"economy","start":67.83,"end":68.39},{"text":"of","start":68.91,"end":68.99},{"text":"the","start":68.99,"end":69.15},{"text":"occupied","start":69.15,"end":69.67},{"text":"Palestinian","start":69.67,"end":70.31},{"text":"territory.","start":70.31,"end":70.87}]},{"text":"As you know, UMTAT has monitored and analyzed the economic conditions in the occupied Palestinian territory for more than four 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mandates from the UN General Assembly to report regularly on the economic development in the occupied Palestinian territory, and the report we present today looks at the current situation of the Palestinian economy through mid-2026.","start":80.35,"end":97.47,"topics":[],"words":[{"text":"We","start":80.35,"end":80.51},{"text":"have","start":80.51,"end":80.67},{"text":"specific","start":80.67,"end":81.19},{"text":"mandates","start":81.19,"end":81.87},{"text":"from","start":81.87,"end":82.11},{"text":"the","start":82.11,"end":82.27},{"text":"UN","start":82.27,"end":82.59},{"text":"General","start":82.59,"end":82.99},{"text":"Assembly","start":82.99,"end":83.39},{"text":"to","start":83.39,"end":83.51},{"text":"report","start":83.51,"end":84.03},{"text":"regularly","start":84.11,"end":84.83},{"text":"on","start":85.23,"end":85.39},{"text":"the","start":85.39,"end":85.55},{"text":"economic","start":85.55,"end":85.99},{"text":"development","start":85.99,"end":86.75},{"text":"in","start":86.99,"end":87.15},{"text":"the","start":87.15,"end":87.35},{"text":"occupied","start":87.35,"end":87.83},{"text":"Palestinian","start":87.83,"end":88.43},{"text":"territory,","start":88.43,"end":89.07},{"text":"and","start":89.35,"end":89.51},{"text":"the","start":89.51,"end":89.59},{"text":"report","start":89.59,"end":90.11},{"text":"we","start":90.11,"end":90.27},{"text":"present","start":90.27,"end":90.71},{"text":"today","start":90.71,"end":91.15},{"text":"looks","start":91.47,"end":91.95},{"text":"at","start":91.95,"end":92.11},{"text":"the","start":92.11,"end":92.23},{"text":"current","start":92.23,"end":92.55},{"text":"situation","start":92.55,"end":93.23},{"text":"of","start":93.31,"end":93.43},{"text":"the","start":93.43,"end":93.55},{"text":"Palestinian","start":93.55,"end":94.19},{"text":"economy","start":94.19,"end":94.67},{"text":"through","start":95.23,"end":95.47},{"text":"mid-2026.","start":95.47,"end":97.47}]},{"text":"I want to first recognize the team of the Assistance to the Palestinian People Unit at UNTAD behind this report and thank them for their outstanding 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report examines the spiraling crisis in Gaza and the West Bank, the collapse of Gaza's economy with the destruction of homes, human capitals, and years of development, the constraints on economic activity both in Gaza and the West Bank, and the impacts of the growing pressure on Palestinian public finance and fiscal space that poses real systemic risk for the economy.","start":109.83,"end":137.39,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."},{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."},{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"The","start":109.83,"end":109.99},{"text":"report","start":109.99,"end":110.47},{"text":"examines","start":110.47,"end":111.19},{"text":"the","start":111.35,"end":111.47},{"text":"spiraling","start":111.47,"end":112.03},{"text":"crisis","start":112.03,"end":112.47},{"text":"in","start":112.47,"end":112.63},{"text":"Gaza","start":112.63,"end":113.23},{"text":"and","start":113.23,"end":113.35},{"text":"the","start":113.35,"end":113.43},{"text":"West","start":113.43,"end":113.59},{"text":"Bank,","start":113.59,"end":114.07},{"text":"the","start":114.55,"end":114.67},{"text":"collapse","start":114.71,"end":115.43},{"text":"of","start":115.67,"end":115.83},{"text":"Gaza's","start":115.83,"end":116.23},{"text":"economy","start":116.23,"end":116.79},{"text":"with","start":116.79,"end":116.99},{"text":"the","start":116.99,"end":117.07},{"text":"destruction","start":117.07,"end":117.83},{"text":"of","start":117.83,"end":118.07},{"text":"homes,","start":118.07,"end":118.55},{"text":"human","start":118.95,"end":119.27},{"text":"capitals,","start":119.27,"end":120.07},{"text":"and","start":120.31,"end":120.59},{"text":"years","start":120.59,"end":121.03},{"text":"of","start":121.07,"end":121.19},{"text":"development,","start":121.19,"end":121.99},{"text":"the","start":122.47,"end":122.59},{"text":"constraints","start":122.59,"end":123.51},{"text":"on","start":123.67,"end":123.83},{"text":"economic","start":123.83,"end":124.31},{"text":"activity","start":124.31,"end":124.95},{"text":"both","start":124.95,"end":125.35},{"text":"in","start":125.43,"end":125.59},{"text":"Gaza","start":125.59,"end":126.03},{"text":"and","start":126.03,"end":126.15},{"text":"the","start":126.15,"end":126.23},{"text":"West","start":126.23,"end":126.47},{"text":"Bank,","start":126.47,"end":126.87},{"text":"and","start":127.27,"end":127.47},{"text":"the","start":127.47,"end":127.55},{"text":"impacts","start":127.55,"end":128.47},{"text":"of","start":128.47,"end":128.63},{"text":"the","start":128.63,"end":128.75},{"text":"growing","start":128.75,"end":129.23},{"text":"pressure","start":129.23,"end":129.83},{"text":"on","start":130.11,"end":130.23},{"text":"Palestinian","start":130.23,"end":131.03},{"text":"public","start":131.03,"end":131.43},{"text":"finance","start":131.43,"end":132.07},{"text":"and","start":132.07,"end":132.23},{"text":"fiscal","start":132.23,"end":132.63},{"text":"space","start":132.63,"end":133.19},{"text":"that","start":133.51,"end":133.67},{"text":"poses","start":133.67,"end":134.23},{"text":"real","start":134.31,"end":134.63},{"text":"systemic","start":134.63,"end":135.95},{"text":"risk","start":135.99,"end":136.39},{"text":"for","start":136.71,"end":136.91},{"text":"the","start":136.91,"end":136.99},{"text":"economy.","start":136.99,"end":137.39}]},{"text":"The collapse of the economy of Gaza is the world's most severe economic crisis on record.","start":138.59,"end":145.23,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. 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The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"Over","start":174.28,"end":174.91},{"text":"90%","start":174.91,"end":175.54},{"text":"of","start":175.54,"end":176.17},{"text":"the","start":176.17,"end":176.79},{"text":"working","start":176.79,"end":177.42},{"text":"age","start":177.42,"end":178.05},{"text":"population","start":178.05,"end":178.68},{"text":"has","start":178.68,"end":179.31},{"text":"no","start":179.31,"end":179.93},{"text":"employment.","start":179.93,"end":180.56}]},{"text":"Today, the GDP per capita of Gaza is the equivalent of $0.58 per person per day, while price levels are 274% higher than in 2022.","start":180.56,"end":196.07,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"Today,","start":180.56,"end":181.19},{"text":"the","start":181.19,"end":181.82},{"text":"GDP","start":181.82,"end":182.44},{"text":"per","start":182.44,"end":183.07},{"text":"capita","start":183.07,"end":183.7},{"text":"of","start":183.7,"end":184.33},{"text":"Gaza","start":184.33,"end":184.96},{"text":"is","start":184.96,"end":185.58},{"text":"the","start":185.58,"end":186.21},{"text":"equivalent","start":186.21,"end":186.84},{"text":"of","start":186.84,"end":187.47},{"text":"$0.58","start":187.47,"end":188.1},{"text":"per","start":188.1,"end":188.72},{"text":"person","start":188.72,"end":189.35},{"text":"per","start":189.35,"end":189.98},{"text":"day,","start":189.98,"end":190.61},{"text":"while","start":190.61,"end":191.23},{"text":"price","start":191.23,"end":191.86},{"text":"levels","start":191.86,"end":192.49},{"text":"are","start":192.49,"end":193.12},{"text":"274%","start":193.12,"end":193.68},{"text":"higher","start":193.75,"end":194.31},{"text":"than","start":194.63,"end":195.11},{"text":"in","start":195.11,"end":195.35},{"text":"2022.","start":195.35,"end":196.07}]},{"text":"We estimate that $71.5 billion will be needed to ensure the reconstruction and recovery of Gaza.","start":197.19,"end":206.71,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"We","start":197.19,"end":197.39},{"text":"estimate","start":197.39,"end":197.87},{"text":"that","start":197.99,"end":199.03},{"text":"$71.5","start":199.75,"end":200.23},{"text":"billion","start":200.31,"end":201.19},{"text":"will","start":201.35,"end":201.59},{"text":"be","start":201.59,"end":201.75},{"text":"needed","start":201.75,"end":202.11},{"text":"to","start":202.11,"end":202.51},{"text":"ensure","start":202.51,"end":203.11},{"text":"the","start":203.51,"end":203.67},{"text":"reconstruction","start":203.67,"end":205.27},{"text":"and","start":205.43,"end":205.67},{"text":"recovery","start":205.67,"end":206.15},{"text":"of","start":206.15,"end":206.31},{"text":"Gaza.","start":206.31,"end":206.71}]},{"text":"And this figure, which is the latest joint assessment by the World Bank, the European Union, and the United Nations, may still rise.","start":207.55,"end":217.19,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"And","start":207.55,"end":207.67},{"text":"this","start":207.67,"end":207.83},{"text":"figure,","start":207.83,"end":208.39},{"text":"which","start":208.39,"end":208.63},{"text":"is","start":208.63,"end":208.79},{"text":"the","start":208.79,"end":208.91},{"text":"latest","start":208.91,"end":209.59},{"text":"joint","start":209.75,"end":210.15},{"text":"assessment","start":210.15,"end":210.87},{"text":"by","start":211.27,"end":211.51},{"text":"the","start":211.51,"end":211.63},{"text":"World","start":211.63,"end":211.83},{"text":"Bank,","start":211.83,"end":212.31},{"text":"the","start":212.47,"end":212.67},{"text":"European","start":212.67,"end":213.19},{"text":"Union,","start":213.19,"end":213.75},{"text":"and","start":214.11,"end":214.27},{"text":"the","start":214.27,"end":214.63},{"text":"United","start":214.71,"end":215.19},{"text":"Nations,","start":215.19,"end":215.83},{"text":"may","start":216.23,"end":216.47},{"text":"still","start":216.47,"end":216.71},{"text":"rise.","start":216.71,"end":217.19}]},{"text":"The pressure is also visible in fiscal pressure, public finances and the financial system.","start":218.55,"end":223.75,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"The","start":218.55,"end":218.67},{"text":"pressure","start":218.67,"end":219.11},{"text":"is","start":219.11,"end":219.27},{"text":"also","start":219.27,"end":219.51},{"text":"visible","start":219.51,"end":220.07},{"text":"in","start":220.07,"end":220.23},{"text":"fiscal","start":220.23,"end":220.63},{"text":"pressure,","start":220.63,"end":221.11},{"text":"public","start":221.19,"end":221.55},{"text":"finances","start":221.55,"end":222.47},{"text":"and","start":222.51,"end":222.67},{"text":"the","start":222.67,"end":222.75},{"text":"financial","start":222.75,"end":223.35},{"text":"system.","start":223.35,"end":223.75}]},{"text":"The report documents a sharp deterioration in the Palestinian government's fiscal position with consequences for the capacity to pay government employees or deliver essential services, with consequences also for businesses and the wider economy.","start":224.47,"end":241.35,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"The","start":224.47,"end":224.63},{"text":"report","start":224.63,"end":225.07},{"text":"documents","start":225.07,"end":225.67},{"text":"a","start":225.67,"end":225.75},{"text":"sharp","start":225.75,"end":226.19},{"text":"deterioration","start":226.19,"end":227.27},{"text":"in","start":227.27,"end":227.43},{"text":"the","start":227.43,"end":227.51},{"text":"Palestinian","start":227.51,"end":228.15},{"text":"government's","start":228.15,"end":228.79},{"text":"fiscal","start":228.79,"end":229.15},{"text":"position","start":229.15,"end":229.75},{"text":"with","start":230.15,"end":230.31},{"text":"consequences","start":230.39,"end":231.27},{"text":"for","start":231.35,"end":231.51},{"text":"the","start":231.51,"end":231.67},{"text":"capacity","start":231.67,"end":232.39},{"text":"to","start":232.79,"end":232.95},{"text":"pay","start":232.95,"end":233.19},{"text":"government","start":233.19,"end":233.75},{"text":"employees","start":233.75,"end":234.55},{"text":"or","start":234.63,"end":234.87},{"text":"deliver","start":234.87,"end":235.43},{"text":"essential","start":235.43,"end":236.23},{"text":"services,","start":236.23,"end":236.95},{"text":"with","start":237.35,"end":237.59},{"text":"consequences","start":237.59,"end":238.47},{"text":"also","start":238.47,"end":238.87},{"text":"for","start":238.87,"end":239.03},{"text":"businesses","start":239.03,"end":239.75},{"text":"and","start":240.19,"end":240.35},{"text":"the","start":240.35,"end":240.47},{"text":"wider","start":240.47,"end":240.91},{"text":"economy.","start":240.91,"end":241.35}]},{"text":"As an example, the fiscal crisis threatens the continuity of healthcare and education, as these two sectors alone account for about 60% of the wage bill.","start":242.15,"end":255.31,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."},{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"As","start":242.15,"end":242.23},{"text":"an","start":242.27,"end":242.39},{"text":"example,","start":242.39,"end":243.07},{"text":"the","start":243.07,"end":243.31},{"text":"fiscal","start":243.31,"end":243.79},{"text":"crisis","start":243.79,"end":244.35},{"text":"threatens","start":244.35,"end":245.23},{"text":"the","start":245.31,"end":245.47},{"text":"continuity","start":245.47,"end":246.43},{"text":"of","start":246.67,"end":246.91},{"text":"healthcare","start":246.91,"end":247.71},{"text":"and","start":247.71,"end":247.83},{"text":"education,","start":247.83,"end":248.51},{"text":"as","start":248.91,"end":249.07},{"text":"these","start":249.07,"end":249.39},{"text":"two","start":249.39,"end":249.63},{"text":"sectors","start":249.63,"end":250.15},{"text":"alone","start":250.15,"end":250.51},{"text":"account","start":250.55,"end":251.23},{"text":"for","start":251.31,"end":251.67},{"text":"about","start":251.67,"end":253.47},{"text":"60%","start":253.79,"end":253.83},{"text":"of","start":253.87,"end":254.03},{"text":"the","start":254.03,"end":254.15},{"text":"wage","start":254.15,"end":254.67},{"text":"bill.","start":254.91,"end":255.31}]},{"text":"With insufficient aid flows and weak fiscal capacity, the sustainability of these services, essential for people, are at real risk.","start":257.15,"end":266.35,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"With","start":257.15,"end":257.43},{"text":"insufficient","start":257.63,"end":258.39},{"text":"aid","start":258.39,"end":258.59},{"text":"flows","start":258.59,"end":259.15},{"text":"and","start":259.15,"end":259.39},{"text":"weak","start":259.39,"end":259.71},{"text":"fiscal","start":259.71,"end":260.03},{"text":"capacity,","start":260.03,"end":260.75},{"text":"the","start":260.83,"end":260.95},{"text":"sustainability","start":260.95,"end":261.83},{"text":"of","start":261.83,"end":262.03},{"text":"these","start":262.03,"end":262.19},{"text":"services,","start":262.19,"end":262.99},{"text":"essential","start":263.47,"end":264.03},{"text":"for","start":264.03,"end":264.19},{"text":"people,","start":264.19,"end":264.75},{"text":"are","start":264.83,"end":265.31},{"text":"at","start":265.47,"end":265.63},{"text":"real","start":265.63,"end":265.95},{"text":"risk.","start":265.95,"end":266.35}]},{"text":"We highlight this because these pressures are interconnected and often overlooked.","start":267.15,"end":272.51,"topics":[],"words":[{"text":"We","start":267.15,"end":267.31},{"text":"highlight","start":267.31,"end":267.79},{"text":"this","start":267.79,"end":268.19},{"text":"because","start":268.19,"end":268.67},{"text":"these","start":268.75,"end":268.99},{"text":"pressures","start":268.99,"end":269.71},{"text":"are","start":269.71,"end":269.87},{"text":"interconnected","start":269.87,"end":270.99},{"text":"and","start":270.99,"end":271.23},{"text":"often","start":271.31,"end":271.79},{"text":"overlooked.","start":271.87,"end":272.51}]},{"text":"A weakening fiscal position affects both suppliers and public services.","start":273.55,"end":278.19,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."},{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."}],"words":[{"text":"A","start":273.55,"end":273.63},{"text":"weakening","start":273.63,"end":274.19},{"text":"fiscal","start":274.19,"end":274.59},{"text":"position","start":274.59,"end":275.19},{"text":"affects","start":275.19,"end":275.87},{"text":"both","start":275.95,"end":276.27},{"text":"suppliers","start":276.27,"end":277.07},{"text":"and","start":277.07,"end":277.23},{"text":"public","start":277.23,"end":277.55},{"text":"services.","start":277.55,"end":278.19}]},{"text":"Businesses cannot operate, trade cannot function, and public services cannot be delivered.","start":278.83,"end":285.23,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."},{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"Businesses","start":278.83,"end":279.39},{"text":"cannot","start":279.39,"end":279.87},{"text":"operate,","start":279.91,"end":280.59},{"text":"trade","start":280.83,"end":281.23},{"text":"cannot","start":281.31,"end":281.71},{"text":"function,","start":281.71,"end":282.35},{"text":"and","start":282.59,"end":282.79},{"text":"public","start":282.79,"end":283.15},{"text":"services","start":283.15,"end":283.87},{"text":"cannot","start":284.11,"end":284.43},{"text":"be","start":284.43,"end":284.59},{"text":"delivered.","start":284.59,"end":285.23}]},{"text":"Today, the risk of a fiscal crisis triggering a systemic collapse is real.","start":286.23,"end":291.79,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"Today,","start":286.23,"end":286.67},{"text":"the","start":286.75,"end":286.99},{"text":"risk","start":286.99,"end":287.51},{"text":"of","start":287.51,"end":287.59},{"text":"a","start":287.59,"end":287.63},{"text":"fiscal","start":287.63,"end":288.35},{"text":"crisis","start":288.35,"end":288.99},{"text":"triggering","start":289.07,"end":289.71},{"text":"a","start":289.79,"end":289.87},{"text":"systemic","start":289.87,"end":290.39},{"text":"collapse","start":290.39,"end":290.99},{"text":"is","start":291.23,"end":291.39},{"text":"real.","start":291.39,"end":291.79}]},{"text":"These constraints also shape the capacity of the economy to recover.","start":292.67,"end":296.59,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"These","start":292.67,"end":292.91},{"text":"constraints","start":292.91,"end":293.63},{"text":"also","start":293.79,"end":294.03},{"text":"shape","start":294.03,"end":294.55},{"text":"the","start":294.55,"end":294.67},{"text":"capacity","start":294.67,"end":295.27},{"text":"of","start":295.27,"end":295.39},{"text":"the","start":295.39,"end":295.51},{"text":"economy","start":295.51,"end":295.95},{"text":"to","start":295.95,"end":296.03},{"text":"recover.","start":296.03,"end":296.59}]},{"text":"And the scale of that recovery challenge is enormous.","start":297.07,"end":301.15,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"And","start":297.07,"end":297.31},{"text":"the","start":297.31,"end":297.43},{"text":"scale","start":297.47,"end":297.95},{"text":"of","start":297.95,"end":298.03},{"text":"that","start":298.03,"end":298.27},{"text":"recovery","start":298.27,"end":298.99},{"text":"challenge","start":298.99,"end":299.55},{"text":"is","start":299.95,"end":300.35},{"text":"enormous.","start":300.35,"end":301.15}]},{"text":"Restoring the collapsed health system, rebuilding destroyed education infrastructure, and other public infrastructure will need to go together with restoring productive capacity, employment, functioning markets, and the ability to business to operate.","start":302.03,"end":320.35,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."},{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"Restoring","start":302.03,"end":302.75},{"text":"the","start":302.75,"end":302.83},{"text":"collapsed","start":302.83,"end":303.71},{"text":"health","start":303.95,"end":304.35},{"text":"system,","start":304.35,"end":304.99},{"text":"rebuilding","start":305.07,"end":305.63},{"text":"destroyed","start":305.63,"end":306.43},{"text":"education","start":306.51,"end":307.15},{"text":"infrastructure,","start":307.15,"end":308.03},{"text":"and","start":308.39,"end":308.63},{"text":"other","start":308.67,"end":308.91},{"text":"public","start":308.91,"end":309.31},{"text":"infrastructure","start":309.31,"end":310.19},{"text":"will","start":310.59,"end":310.83},{"text":"need","start":310.83,"end":311.11},{"text":"to","start":311.11,"end":311.19},{"text":"go","start":311.23,"end":311.63},{"text":"together","start":311.63,"end":312.35},{"text":"with","start":312.59,"end":312.87},{"text":"restoring","start":312.87,"end":313.39},{"text":"productive","start":313.39,"end":313.95},{"text":"capacity,","start":313.95,"end":314.75},{"text":"employment,","start":314.83,"end":315.63},{"text":"functioning","start":315.95,"end":316.55},{"text":"markets,","start":316.55,"end":317.23},{"text":"and","start":317.47,"end":317.67},{"text":"the","start":317.67,"end":317.75},{"text":"ability","start":317.79,"end":318.27},{"text":"to","start":318.35,"end":318.43},{"text":"business","start":318.43,"end":319.07},{"text":"to","start":319.71,"end":319.87},{"text":"operate.","start":319.87,"end":320.35}]},{"text":"UNCTAD's report, therefore, identifies the scale of the challenge the costs of the reconstruction, and the areas central to rebuilding productive capacity and a functioning economy for the Palestinian people.","start":321.27,"end":335.11,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"UNCTAD's","start":321.27,"end":321.79},{"text":"report,","start":321.79,"end":322.27},{"text":"therefore,","start":322.27,"end":322.83},{"text":"identifies","start":322.83,"end":323.63},{"text":"the","start":323.63,"end":323.71},{"text":"scale","start":323.71,"end":324.31},{"text":"of","start":324.31,"end":324.43},{"text":"the","start":324.43,"end":324.51},{"text":"challenge","start":324.51,"end":325.07},{"text":"the","start":325.51,"end":325.63},{"text":"costs","start":325.63,"end":326.23},{"text":"of","start":326.47,"end":326.63},{"text":"the","start":326.63,"end":326.71},{"text":"reconstruction,","start":326.71,"end":327.59},{"text":"and","start":327.91,"end":328.11},{"text":"the","start":328.11,"end":328.27},{"text":"areas","start":328.31,"end":328.87},{"text":"central","start":328.87,"end":329.59},{"text":"to","start":329.91,"end":330.07},{"text":"rebuilding","start":330.07,"end":330.63},{"text":"productive","start":330.63,"end":331.15},{"text":"capacity","start":331.15,"end":331.83},{"text":"and","start":332.23,"end":332.47},{"text":"a","start":332.47,"end":332.55},{"text":"functioning","start":332.55,"end":333.19},{"text":"economy","start":333.27,"end":333.83},{"text":"for","start":333.83,"end":334.07},{"text":"the","start":334.07,"end":334.15},{"text":"Palestinian","start":334.15,"end":334.71},{"text":"people.","start":334.71,"end":335.11}]},{"text":"But most importantly, it underscores the urgency of reconstruction, and that peace cannot be built on a collapsed economy.","start":335.67,"end":346.23,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"But","start":335.67,"end":335.91},{"text":"most","start":335.91,"end":336.15},{"text":"importantly,","start":336.15,"end":336.79},{"text":"it","start":337.35,"end":337.59},{"text":"underscores","start":337.67,"end":338.47},{"text":"the","start":338.47,"end":338.67},{"text":"urgency","start":338.79,"end":339.51},{"text":"of","start":339.67,"end":339.83},{"text":"reconstruction,","start":339.83,"end":340.79},{"text":"and","start":341.11,"end":341.51},{"text":"that","start":342.07,"end":342.55},{"text":"peace","start":342.55,"end":342.95},{"text":"cannot","start":343.35,"end":343.63},{"text":"be","start":343.63,"end":343.83},{"text":"built","start":343.83,"end":344.23},{"text":"on","start":344.39,"end":344.59},{"text":"a","start":344.59,"end":344.63},{"text":"collapsed","start":344.63,"end":345.27},{"text":"economy.","start":345.75,"end":346.23}]},{"text":"I thank 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main driving force behind the report, Mutasyim El-Aghra.","start":353.75,"end":361.11,"topics":[],"words":[{"text":"Now","start":353.75,"end":353.87},{"text":"I","start":353.87,"end":353.91},{"text":"hand","start":353.91,"end":354.15},{"text":"the","start":354.15,"end":354.27},{"text":"floor","start":354.27,"end":354.47},{"text":"to","start":354.47,"end":354.95},{"text":"my","start":354.95,"end":355.19},{"text":"colleague","start":355.19,"end":355.55},{"text":"and","start":355.99,"end":356.39},{"text":"the","start":356.95,"end":357.27},{"text":"main","start":357.99,"end":358.31},{"text":"driving","start":358.31,"end":358.63},{"text":"force","start":358.63,"end":358.83},{"text":"behind","start":358.83,"end":359.11},{"text":"the","start":359.11,"end":359.19},{"text":"report,","start":359.19,"end":359.67},{"text":"Mutasyim","start":360.23,"end":360.75},{"text":"El-Aghra.","start":360.75,"end":361.11}]},{"text":"Thank 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Board.","start":368.59,"end":375.67,"topics":[],"words":[{"text":"This","start":368.59,"end":368.95},{"text":"press","start":369.19,"end":369.59},{"text":"conference","start":369.59,"end":370.15},{"text":"is","start":370.15,"end":370.31},{"text":"to","start":370.31,"end":370.51},{"text":"launch","start":370.51,"end":370.87},{"text":"UNCTAD","start":370.95,"end":371.43},{"text":"report","start":372.07,"end":372.55},{"text":"to","start":372.55,"end":372.63},{"text":"the","start":372.63,"end":372.71},{"text":"United","start":372.71,"end":373.11},{"text":"Nations","start":373.11,"end":373.83},{"text":"Trade","start":374.23,"end":374.47},{"text":"and","start":374.47,"end":374.59},{"text":"Development","start":374.59,"end":375.23},{"text":"Board.","start":375.23,"end":375.67}]},{"text":"It's an annual report.","start":376.07,"end":377.43,"topics":[],"words":[{"text":"It's","start":376.07,"end":376.31},{"text":"an","start":376.31,"end":376.39},{"text":"annual","start":376.43,"end":376.71},{"text":"report.","start":376.71,"end":377.43}]},{"text":"and it has already been presented to member states on 15 September.","start":378.59,"end":383.79,"topics":[],"words":[{"text":"and","start":378.59,"end":378.99},{"text":"it","start":378.99,"end":379.15},{"text":"has","start":379.15,"end":379.39},{"text":"already","start":379.39,"end":379.71},{"text":"been","start":379.71,"end":379.95},{"text":"presented","start":379.95,"end":380.55},{"text":"to","start":380.55,"end":381.23},{"text":"member","start":381.39,"end":381.79},{"text":"states","start":381.79,"end":382.27},{"text":"on","start":382.35,"end":382.47},{"text":"15","start":382.47,"end":383.07},{"text":"September.","start":383.07,"end":383.79}]},{"text":"The report covers the whole occupied Palestinian territory, that is Gaza, the West Bank, and East Jerusalem.","start":385.31,"end":391.55,"topics":[],"words":[{"text":"The","start":385.31,"end":385.43},{"text":"report","start":385.43,"end":385.83},{"text":"covers","start":385.83,"end":386.39},{"text":"the","start":386.39,"end":386.47},{"text":"whole","start":386.47,"end":386.91},{"text":"occupied","start":386.91,"end":387.47},{"text":"Palestinian","start":387.47,"end":388.03},{"text":"territory,","start":388.03,"end":388.59},{"text":"that","start":388.99,"end":389.31},{"text":"is","start":389.31,"end":389.55},{"text":"Gaza,","start":389.55,"end":389.95},{"text":"the","start":389.99,"end":390.11},{"text":"West","start":390.11,"end":390.27},{"text":"Bank,","start":390.27,"end":390.67},{"text":"and","start":390.67,"end":390.83},{"text":"East","start":390.83,"end":390.95},{"text":"Jerusalem.","start":390.95,"end":391.55}]},{"text":"But in addition to this report, UNICTAD also prepares another report to the United Nations General Assembly, and that report will be released soon.","start":392.83,"end":401.55,"topics":[],"words":[{"text":"But","start":392.83,"end":393.07},{"text":"in","start":393.07,"end":393.23},{"text":"addition","start":393.23,"end":393.55},{"text":"to","start":393.55,"end":393.71},{"text":"this","start":393.71,"end":393.87},{"text":"report,","start":393.87,"end":394.27},{"text":"UNICTAD","start":394.27,"end":395.27},{"text":"also","start":395.27,"end":395.43},{"text":"prepares","start":395.43,"end":395.91},{"text":"another","start":395.91,"end":396.31},{"text":"report","start":396.31,"end":396.79},{"text":"to","start":396.79,"end":396.91},{"text":"the","start":396.91,"end":396.99},{"text":"United","start":396.99,"end":397.39},{"text":"Nations","start":397.39,"end":397.79},{"text":"General","start":397.79,"end":398.19},{"text":"Assembly,","start":398.19,"end":398.91},{"text":"and","start":399.39,"end":399.67},{"text":"that","start":399.67,"end":399.87},{"text":"report","start":399.87,"end":400.23},{"text":"will","start":400.23,"end":400.43},{"text":"be","start":400.43,"end":400.71},{"text":"released","start":400.71,"end":401.19},{"text":"soon.","start":401.19,"end":401.55}]},{"text":"It deals exclusively with Gaza.","start":401.95,"end":404.59,"topics":[],"words":[{"text":"It","start":401.95,"end":402.07},{"text":"deals","start":402.07,"end":402.35},{"text":"exclusively","start":402.35,"end":403.55},{"text":"with","start":403.79,"end":404.07},{"text":"Gaza.","start":404.07,"end":404.59}]},{"text":"So that upcoming report has a lot more details on the economic situation in Gaza, and I encourage you to read it when it's out.","start":404.99,"end":416.03,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"So","start":404.99,"end":405.47},{"text":"that","start":405.87,"end":406.43},{"text":"upcoming","start":406.43,"end":406.91},{"text":"report","start":406.91,"end":407.55},{"text":"has","start":407.55,"end":407.79},{"text":"a","start":407.79,"end":407.83},{"text":"lot","start":407.83,"end":408.11},{"text":"more","start":408.11,"end":408.35},{"text":"details","start":408.35,"end":408.99},{"text":"on","start":409.07,"end":409.19},{"text":"the","start":409.19,"end":409.27},{"text":"economic","start":409.27,"end":409.71},{"text":"situation","start":409.71,"end":410.27},{"text":"in","start":410.27,"end":410.43},{"text":"Gaza,","start":410.43,"end":410.91},{"text":"and","start":411.47,"end":411.79},{"text":"I","start":411.79,"end":411.95},{"text":"encourage","start":411.95,"end":412.31},{"text":"you","start":412.31,"end":412.59},{"text":"to","start":412.59,"end":413.07},{"text":"read","start":414.75,"end":414.99},{"text":"it","start":414.99,"end":415.23},{"text":"when","start":415.23,"end":415.47},{"text":"it's","start":415.47,"end":415.83},{"text":"out.","start":415.83,"end":416.03}]},{"text":"It will be out soon.","start":416.03,"end":416.99,"topics":[],"words":[{"text":"It","start":416.03,"end":416.15},{"text":"will","start":416.15,"end":416.27},{"text":"be","start":416.27,"end":416.43},{"text":"out","start":416.43,"end":416.67},{"text":"soon.","start":416.67,"end":416.99}]},{"text":"The central message of this report we are talking about today is that about six decades of occupation have hollowed out the Palestinian economy and de-developed it, and by de-development, I mean development reversed, not just development blocked.","start":418.95,"end":436.87,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"The","start":418.95,"end":419.03},{"text":"central","start":419.07,"end":419.63},{"text":"message","start":419.63,"end":419.99},{"text":"of","start":419.99,"end":420.11},{"text":"this","start":420.11,"end":420.35},{"text":"report","start":420.35,"end":420.83},{"text":"we","start":420.83,"end":420.91},{"text":"are","start":420.91,"end":421.31},{"text":"talking","start":421.31,"end":421.71},{"text":"about","start":421.71,"end":422.07},{"text":"today","start":422.07,"end":422.51},{"text":"is","start":422.99,"end":423.23},{"text":"that","start":423.23,"end":423.55},{"text":"about","start":423.55,"end":424.27},{"text":"six","start":424.27,"end":424.63},{"text":"decades","start":424.63,"end":425.19},{"text":"of","start":425.19,"end":425.39},{"text":"occupation","start":425.55,"end":426.35},{"text":"have","start":426.35,"end":426.59},{"text":"hollowed","start":426.59,"end":426.99},{"text":"out","start":427.23,"end":427.43},{"text":"the","start":427.43,"end":427.59},{"text":"Palestinian","start":427.59,"end":428.19},{"text":"economy","start":428.19,"end":428.75},{"text":"and","start":429.55,"end":429.83},{"text":"de-developed","start":429.83,"end":430.43},{"text":"it,","start":430.43,"end":430.67},{"text":"and","start":431.15,"end":431.63},{"text":"by","start":431.63,"end":431.79},{"text":"de-development,","start":431.79,"end":432.67},{"text":"I","start":433.03,"end":433.19},{"text":"mean","start":433.19,"end":433.51},{"text":"development","start":433.51,"end":434.15},{"text":"reversed,","start":434.15,"end":434.79},{"text":"not","start":434.95,"end":435.27},{"text":"just","start":435.59,"end":435.87},{"text":"development","start":435.87,"end":436.39},{"text":"blocked.","start":436.39,"end":436.87}]},{"text":"We have moved from development blocked to development reversed.","start":436.87,"end":441.19,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"We","start":436.87,"end":437.03},{"text":"have","start":437.03,"end":437.19},{"text":"moved","start":437.19,"end":437.55},{"text":"from","start":437.55,"end":437.83},{"text":"development","start":437.83,"end":438.39},{"text":"blocked","start":438.39,"end":438.79},{"text":"to","start":439.67,"end":439.83},{"text":"development","start":439.83,"end":440.63},{"text":"reversed.","start":440.63,"end":441.19}]},{"text":"And now decades of human development that has been achieved in Gaza has been wiped out.","start":441.27,"end":450.63,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."}],"words":[{"text":"And","start":441.27,"end":441.63},{"text":"now","start":441.63,"end":441.91},{"text":"decades","start":442.63,"end":443.35},{"text":"of","start":443.39,"end":443.59},{"text":"human","start":443.59,"end":444.15},{"text":"development","start":444.31,"end":444.99},{"text":"that","start":446.23,"end":446.47},{"text":"has","start":446.47,"end":446.63},{"text":"been","start":446.63,"end":446.79},{"text":"achieved","start":446.79,"end":447.31},{"text":"in","start":448.15,"end":448.43},{"text":"Gaza","start":448.43,"end":448.83},{"text":"has","start":448.83,"end":449.03},{"text":"been","start":449.03,"end":449.43},{"text":"wiped","start":449.51,"end":449.99},{"text":"out.","start":450.07,"end":450.63}]},{"text":"And the same situation prevails in the West Bank, although the intensity of destruction is far more in Gaza.","start":451.35,"end":460.15,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"And","start":451.35,"end":451.71},{"text":"the","start":451.71,"end":451.79},{"text":"same","start":451.79,"end":451.99},{"text":"situation","start":451.99,"end":452.71},{"text":"prevails","start":453.39,"end":453.87},{"text":"in","start":453.87,"end":453.99},{"text":"the","start":453.99,"end":454.11},{"text":"West","start":454.11,"end":454.27},{"text":"Bank,","start":454.27,"end":454.71},{"text":"although","start":455.59,"end":456.07},{"text":"the","start":456.23,"end":456.35},{"text":"intensity","start":456.95,"end":457.51},{"text":"of","start":457.51,"end":457.63},{"text":"destruction","start":457.63,"end":458.39},{"text":"is","start":458.71,"end":458.95},{"text":"far","start":458.95,"end":459.19},{"text":"more","start":459.19,"end":459.59},{"text":"in","start":459.59,"end":459.75},{"text":"Gaza.","start":459.75,"end":460.15}]},{"text":"And let us note that the destruction is a dramatic escalation of a pattern that dates back to 1967 with the onset of occupation.","start":462.91,"end":477.79,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"And","start":462.91,"end":463.15},{"text":"let","start":463.15,"end":463.35},{"text":"us","start":463.35,"end":463.47},{"text":"note","start":463.47,"end":464.11},{"text":"that","start":464.11,"end":464.55},{"text":"the","start":464.75,"end":464.95},{"text":"destruction","start":464.95,"end":465.79},{"text":"is","start":469.07,"end":469.31},{"text":"a","start":469.31,"end":469.35},{"text":"dramatic","start":469.35,"end":469.91},{"text":"escalation","start":469.91,"end":470.67},{"text":"of","start":470.91,"end":471.23},{"text":"a","start":471.23,"end":471.31},{"text":"pattern","start":471.47,"end":472.03},{"text":"that","start":472.03,"end":472.35},{"text":"dates","start":472.91,"end":473.23},{"text":"back","start":473.23,"end":474.03},{"text":"to","start":474.03,"end":474.27},{"text":"1967","start":474.27,"end":475.47},{"text":"with","start":475.95,"end":476.23},{"text":"the","start":476.23,"end":476.35},{"text":"onset","start":476.35,"end":476.91},{"text":"of","start":476.91,"end":477.07},{"text":"occupation.","start":477.11,"end":477.79}]},{"text":"In other words, the report maintains that history did not start in October 2023.","start":478.43,"end":485.31,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"In","start":478.43,"end":478.59},{"text":"other","start":478.59,"end":478.83},{"text":"words,","start":478.83,"end":479.47},{"text":"the","start":479.47,"end":479.71},{"text":"report","start":479.71,"end":480.27},{"text":"maintains","start":480.27,"end":481.07},{"text":"that","start":481.07,"end":481.55},{"text":"history","start":481.55,"end":482.27},{"text":"did","start":482.59,"end":482.75},{"text":"not","start":482.75,"end":483.07},{"text":"start","start":483.07,"end":483.55},{"text":"in","start":483.55,"end":483.67},{"text":"October","start":483.67,"end":484.11},{"text":"2023.","start":484.11,"end":485.31}]},{"text":"History goes back much longer.","start":485.63,"end":487.95,"topics":[],"words":[{"text":"History","start":485.63,"end":486.11},{"text":"goes","start":486.11,"end":486.35},{"text":"back","start":486.35,"end":486.75},{"text":"much","start":486.83,"end":487.31},{"text":"longer.","start":487.39,"end":487.95}]},{"text":"If you check the report, you can see that the numbers speak for themselves.","start":489.91,"end":494.23,"topics":[],"words":[{"text":"If","start":489.91,"end":490.07},{"text":"you","start":490.07,"end":490.15},{"text":"check","start":490.15,"end":490.39},{"text":"the","start":490.39,"end":490.47},{"text":"report,","start":490.47,"end":491.11},{"text":"you","start":491.11,"end":491.27},{"text":"can","start":491.27,"end":491.51},{"text":"see","start":491.51,"end":491.83},{"text":"that","start":491.83,"end":492.07},{"text":"the","start":492.07,"end":492.23},{"text":"numbers","start":492.23,"end":492.71},{"text":"speak","start":492.71,"end":493.39},{"text":"for","start":493.39,"end":493.59},{"text":"themselves.","start":493.59,"end":494.23}]},{"text":"Explanatory words are hardly needed.","start":494.71,"end":497.19,"topics":[],"words":[{"text":"Explanatory","start":494.71,"end":495.43},{"text":"words","start":495.43,"end":495.79},{"text":"are","start":495.91,"end":496.07},{"text":"hardly","start":496.07,"end":496.63},{"text":"needed.","start":496.63,"end":497.19}]},{"text":"Here are some numbers in addition to what Mr. Assistant Secretary General has just mentioned.","start":497.83,"end":504.23,"topics":[],"words":[{"text":"Here","start":497.83,"end":498.23},{"text":"are","start":498.23,"end":498.31},{"text":"some","start":498.31,"end":498.63},{"text":"numbers","start":498.63,"end":499.43},{"text":"in","start":499.51,"end":499.71},{"text":"addition","start":499.71,"end":500.23},{"text":"to","start":500.23,"end":500.35},{"text":"what","start":500.35,"end":500.55},{"text":"Mr.","start":500.63,"end":501.27},{"text":"Assistant","start":501.83,"end":502.27},{"text":"Secretary","start":502.27,"end":502.75},{"text":"General","start":502.75,"end":503.19},{"text":"has","start":503.19,"end":503.35},{"text":"just","start":503.35,"end":503.67},{"text":"mentioned.","start":503.67,"end":504.23}]},{"text":"In Gaza, the military operation have gutted out nearly every business.","start":505.51,"end":509.75,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"In","start":505.51,"end":505.67},{"text":"Gaza,","start":505.67,"end":506.23},{"text":"the","start":506.23,"end":506.31},{"text":"military","start":506.31,"end":506.67},{"text":"operation","start":506.67,"end":507.27},{"text":"have","start":507.27,"end":507.51},{"text":"gutted","start":507.51,"end":507.79},{"text":"out","start":507.91,"end":508.31},{"text":"nearly","start":508.31,"end":508.71},{"text":"every","start":508.71,"end":509.11},{"text":"business.","start":509.11,"end":509.75}]},{"text":"That means productive capacity is wiped out, while the entire population is displaced and condemned to multidimensional poverty.","start":510.23,"end":519.95,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"That","start":510.23,"end":510.55},{"text":"means","start":510.55,"end":511.11},{"text":"productive","start":511.11,"end":511.67},{"text":"capacity","start":511.67,"end":512.39},{"text":"is","start":512.39,"end":512.79},{"text":"wiped","start":512.79,"end":513.19},{"text":"out,","start":513.27,"end":513.75},{"text":"while","start":514.23,"end":514.47},{"text":"the","start":514.47,"end":514.55},{"text":"entire","start":514.55,"end":515.03},{"text":"population","start":515.03,"end":515.83},{"text":"is","start":515.83,"end":515.99},{"text":"displaced","start":516.07,"end":516.79},{"text":"and","start":517.35,"end":517.47},{"text":"condemned","start":517.47,"end":518.03},{"text":"to","start":518.11,"end":518.35},{"text":"multidimensional","start":518.35,"end":519.47},{"text":"poverty.","start":519.47,"end":519.95}]},{"text":"By multidimensional poverty, I mean not just income poverty.","start":520.91,"end":524.99,"topics":[],"words":[{"text":"By","start":520.91,"end":521.07},{"text":"multidimensional","start":521.07,"end":522.59},{"text":"poverty,","start":522.59,"end":523.03},{"text":"I","start":523.03,"end":523.15},{"text":"mean","start":523.15,"end":523.43},{"text":"not","start":523.43,"end":523.63},{"text":"just","start":523.63,"end":524.03},{"text":"income","start":524.03,"end":524.39},{"text":"poverty.","start":524.39,"end":524.99}]},{"text":"It's also a lack of proper shelter, a lack of access to basic services like health and education and sanitation.","start":525.47,"end":534.35,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."}],"words":[{"text":"It's","start":525.47,"end":525.71},{"text":"also","start":525.71,"end":526.03},{"text":"a","start":526.03,"end":526.07},{"text":"lack","start":526.07,"end":526.39},{"text":"of","start":526.39,"end":526.75},{"text":"proper","start":526.83,"end":527.23},{"text":"shelter,","start":527.23,"end":527.95},{"text":"a","start":528.43,"end":528.47},{"text":"lack","start":528.47,"end":528.67},{"text":"of","start":528.67,"end":528.83},{"text":"access","start":529.23,"end":529.63},{"text":"to","start":529.63,"end":529.75},{"text":"basic","start":529.75,"end":530.19},{"text":"services","start":530.19,"end":530.83},{"text":"like","start":530.83,"end":531.15},{"text":"health","start":531.15,"end":531.47},{"text":"and","start":531.79,"end":531.99},{"text":"education","start":531.99,"end":532.75},{"text":"and","start":533.15,"end":533.51},{"text":"sanitation.","start":533.51,"end":534.35}]},{"text":"Before the onset of this crisis in October 2023, two out of three residents were poor.","start":537.31,"end":544.99,"topics":[],"words":[{"text":"Before","start":537.31,"end":537.87},{"text":"the","start":537.87,"end":537.95},{"text":"onset","start":537.95,"end":538.35},{"text":"of","start":538.35,"end":538.51},{"text":"this","start":538.51,"end":538.67},{"text":"crisis","start":538.67,"end":539.19},{"text":"in","start":539.23,"end":539.35},{"text":"October","start":539.35,"end":539.87},{"text":"2023,","start":539.95,"end":540.91},{"text":"two","start":541.15,"end":541.63},{"text":"out","start":542.35,"end":542.55},{"text":"of","start":542.55,"end":542.63},{"text":"three","start":542.63,"end":542.99},{"text":"residents","start":542.99,"end":543.79},{"text":"were","start":544.11,"end":544.51},{"text":"poor.","start":544.51,"end":544.99}]},{"text":"Today, everyone in Gaza is multidimensionally poor.","start":545.43,"end":549.59,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"Today,","start":545.43,"end":545.99},{"text":"everyone","start":546.23,"end":546.71},{"text":"in","start":546.71,"end":546.87},{"text":"Gaza","start":546.87,"end":547.35},{"text":"is","start":547.35,"end":547.51},{"text":"multidimensionally","start":547.51,"end":549.11},{"text":"poor.","start":549.19,"end":549.59}]},{"text":"That is to say, the severe crisis predates October 2023.","start":550.07,"end":556.47,"topics":[],"words":[{"text":"That","start":550.07,"end":550.39},{"text":"is","start":550.39,"end":550.51},{"text":"to","start":550.51,"end":550.67},{"text":"say,","start":550.67,"end":551.11},{"text":"the","start":552.31,"end":552.59},{"text":"severe","start":552.63,"end":553.27},{"text":"crisis","start":553.27,"end":553.99},{"text":"predates","start":553.99,"end":554.79},{"text":"October","start":554.87,"end":555.59},{"text":"2023.","start":555.67,"end":556.47}]},{"text":"What happens since October 2023 is that a catastrophic situation has got far worse.","start":556.67,"end":564.23,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"What","start":556.67,"end":557.03},{"text":"happens","start":557.03,"end":557.67},{"text":"since","start":558.15,"end":558.51},{"text":"October","start":558.51,"end":558.95},{"text":"2023","start":558.95,"end":559.87},{"text":"is","start":559.87,"end":559.99},{"text":"that","start":559.99,"end":560.31},{"text":"a","start":560.87,"end":560.91},{"text":"catastrophic","start":560.91,"end":561.51},{"text":"situation","start":561.51,"end":562.15},{"text":"has","start":562.15,"end":562.39},{"text":"got","start":562.39,"end":562.71},{"text":"far","start":562.95,"end":563.51},{"text":"worse.","start":563.51,"end":564.23}]},{"text":"In Gaza, housing sustains the largest damage, estimated at $19 billion.","start":565.91,"end":571.99,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"In","start":565.91,"end":566.11},{"text":"Gaza,","start":566.11,"end":566.39},{"text":"housing","start":566.39,"end":566.79},{"text":"sustains","start":566.79,"end":567.35},{"text":"the","start":567.35,"end":567.43},{"text":"largest","start":567.43,"end":567.95},{"text":"damage,","start":567.95,"end":568.55},{"text":"estimated","start":569.39,"end":570.15},{"text":"at","start":570.23,"end":570.55},{"text":"$19","start":571.03,"end":571.07},{"text":"billion.","start":571.11,"end":571.99}]},{"text":"In 2025, annual GDP per capita in Gaza fell to $212, $212 per person per year.","start":574.03,"end":584.59,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"In","start":574.03,"end":574.43},{"text":"2025,","start":574.43,"end":575.47},{"text":"annual","start":575.47,"end":576.03},{"text":"GDP","start":576.11,"end":576.75},{"text":"per","start":576.75,"end":576.91},{"text":"capita","start":576.91,"end":577.35},{"text":"in","start":577.35,"end":577.51},{"text":"Gaza","start":577.51,"end":578.03},{"text":"fell","start":578.51,"end":579.15},{"text":"to","start":579.95,"end":582.43},{"text":"$212,","start":582.43,"end":582.47},{"text":"$212","start":582.47,"end":582.51},{"text":"per","start":582.63,"end":582.83},{"text":"person","start":582.99,"end":583.79},{"text":"per","start":583.95,"end":584.19},{"text":"year.","start":584.19,"end":584.59}]},{"text":"That's among the lowest in the world.","start":584.91,"end":586.59,"topics":[],"words":[{"text":"That's","start":584.91,"end":585.23},{"text":"among","start":585.23,"end":585.47},{"text":"the","start":585.47,"end":585.63},{"text":"lowest","start":585.63,"end":586.03},{"text":"in","start":586.03,"end":586.11},{"text":"the","start":586.11,"end":586.23},{"text":"world.","start":586.23,"end":586.59}]},{"text":"Agriculture is down 94%, and only 1.5% of Gaza's cropland is still usable and accessible.","start":587.87,"end":600.51,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"Agriculture","start":587.87,"end":589.99},{"text":"is","start":589.99,"end":590.19},{"text":"down","start":590.19,"end":590.43},{"text":"94%,","start":592.03,"end":592.07},{"text":"and","start":592.07,"end":592.35},{"text":"only","start":593.07,"end":593.79},{"text":"1.5%","start":594.43,"end":594.91},{"text":"of","start":595.23,"end":595.95},{"text":"Gaza's","start":595.95,"end":597.03},{"text":"cropland","start":597.07,"end":597.79},{"text":"is","start":597.79,"end":598.07},{"text":"still","start":598.07,"end":598.43},{"text":"usable","start":598.91,"end":599.63},{"text":"and","start":599.71,"end":599.87},{"text":"accessible.","start":599.87,"end":600.51}]},{"text":"Well, that means total dependence on humanitarian food aid.","start":601.51,"end":604.71,"topics":[{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"Well,","start":601.51,"end":601.67},{"text":"that","start":601.67,"end":601.91},{"text":"means","start":601.91,"end":602.23},{"text":"total","start":602.31,"end":602.71},{"text":"dependence","start":602.71,"end":603.27},{"text":"on","start":603.27,"end":603.39},{"text":"humanitarian","start":603.39,"end":604.15},{"text":"food","start":604.15,"end":604.43},{"text":"aid.","start":604.47,"end":604.71}]},{"text":"Industry in Gaza is down 94%.","start":606.31,"end":608.99,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. 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Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"93%","start":622.39,"end":622.43},{"text":"of","start":622.47,"end":622.79},{"text":"school","start":622.87,"end":623.27},{"text":"facilities","start":623.27,"end":623.99},{"text":"need","start":624.07,"end":624.39},{"text":"full","start":624.71,"end":625.11},{"text":"reconstruction.","start":625.11,"end":626.15}]},{"text":"And students in Gaza have lost several years of education, and the consequences for the human capital formation on future earning potential and future welfare is obvious, too obvious to spell.","start":627.39,"end":641.87,"topics":[{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. 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The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"So","start":787.99,"end":788.23},{"text":"things","start":788.23,"end":788.47},{"text":"are","start":788.47,"end":788.71},{"text":"getting","start":788.71,"end":788.99},{"text":"worse","start":788.99,"end":789.75},{"text":"again.","start":789.79,"end":790.23}]},{"text":"Now, I turn to settlements in the West Bank.","start":795.87,"end":799.31,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"Now,","start":795.87,"end":796.27},{"text":"I","start":796.51,"end":796.67},{"text":"turn","start":796.67,"end":796.99},{"text":"to","start":796.99,"end":797.23},{"text":"settlements","start":797.39,"end":798.35},{"text":"in","start":798.43,"end":798.59},{"text":"the","start":798.59,"end":798.67},{"text":"West","start":798.67,"end":798.87},{"text":"Bank.","start":798.87,"end":799.31}]},{"text":"The report highlights the expansion of settlements and observes that settlements are illegal under international law, yet their construction and expansion have accelerated.","start":800.91,"end":812.91,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"The","start":800.91,"end":800.99},{"text":"report","start":800.99,"end":801.43},{"text":"highlights","start":801.43,"end":801.91},{"text":"the","start":801.91,"end":802.11},{"text":"expansion","start":802.19,"end":802.83},{"text":"of","start":802.83,"end":802.91},{"text":"settlements","start":802.91,"end":803.95},{"text":"and","start":804.71,"end":804.91},{"text":"observes","start":804.91,"end":805.43},{"text":"that","start":805.43,"end":805.87},{"text":"settlements","start":805.87,"end":806.67},{"text":"are","start":806.67,"end":806.91},{"text":"illegal","start":806.99,"end":807.55},{"text":"under","start":807.55,"end":807.83},{"text":"international","start":807.83,"end":808.87},{"text":"law,","start":808.87,"end":808.95},{"text":"yet","start":809.39,"end":809.63},{"text":"their","start":809.63,"end":809.79},{"text":"construction","start":809.79,"end":810.59},{"text":"and","start":810.59,"end":810.71},{"text":"expansion","start":810.71,"end":811.47},{"text":"have","start":811.79,"end":812.15},{"text":"accelerated.","start":812.15,"end":812.91}]},{"text":"Settlements are particularly relevant to economic development because their growth dispossesses the Palestinian people of their land and natural resources, and thus preempts prospect for economic development.","start":813.95,"end":827.15,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"Settlements","start":813.95,"end":814.59},{"text":"are","start":814.59,"end":814.75},{"text":"particularly","start":814.75,"end":815.63},{"text":"relevant","start":815.63,"end":816.07},{"text":"to","start":816.07,"end":816.15},{"text":"economic","start":816.15,"end":816.55},{"text":"development","start":816.55,"end":817.39},{"text":"because","start":817.47,"end":817.95},{"text":"their","start":817.95,"end":818.11},{"text":"growth","start":818.11,"end":818.47},{"text":"dispossesses","start":818.71,"end":819.59},{"text":"the","start":819.59,"end":819.71},{"text":"Palestinian","start":819.71,"end":820.23},{"text":"people","start":820.23,"end":820.75},{"text":"of","start":821.23,"end":821.31},{"text":"their","start":821.39,"end":821.55},{"text":"land","start":821.55,"end":821.87},{"text":"and","start":821.87,"end":822.03},{"text":"natural","start":822.03,"end":822.55},{"text":"resources,","start":822.55,"end":823.23},{"text":"and","start":823.55,"end":823.75},{"text":"thus","start":823.79,"end":824.19},{"text":"preempts","start":824.19,"end":824.79},{"text":"prospect","start":825.07,"end":825.71},{"text":"for","start":825.71,"end":825.91},{"text":"economic","start":825.91,"end":826.43},{"text":"development.","start":826.43,"end":827.15}]},{"text":"Settlement expansion simply means Palestinians are losing their land, water, natural resources, mineral resources, and everything that having a land entails.","start":827.63,"end":837.55,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"Settlement","start":827.63,"end":828.31},{"text":"expansion","start":828.31,"end":828.99},{"text":"simply","start":828.99,"end":829.55},{"text":"means","start":829.55,"end":829.87},{"text":"Palestinians","start":829.87,"end":830.55},{"text":"are","start":830.55,"end":830.67},{"text":"losing","start":830.67,"end":831.31},{"text":"their","start":831.31,"end":831.47},{"text":"land,","start":831.47,"end":831.83},{"text":"water,","start":831.87,"end":832.35},{"text":"natural","start":832.35,"end":832.75},{"text":"resources,","start":832.75,"end":833.31},{"text":"mineral","start":833.31,"end":833.67},{"text":"resources,","start":833.67,"end":834.27},{"text":"and","start":834.75,"end":834.91},{"text":"everything","start":834.91,"end":835.47},{"text":"that","start":835.51,"end":835.87},{"text":"having","start":836.11,"end":836.47},{"text":"a","start":836.47,"end":836.51},{"text":"land","start":836.51,"end":836.83},{"text":"entails.","start":836.83,"end":837.55}]},{"text":"The existence and expansion of settlements, not just their expansion, their mere existence violates Security Council Resolution 2334 of 2016, and it violates the 2024 landmark ruling by the International Court of Justice.","start":839.75,"end":857.91,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"The","start":839.75,"end":839.83},{"text":"existence","start":839.87,"end":840.87},{"text":"and","start":840.95,"end":841.23},{"text":"expansion","start":841.23,"end":841.83},{"text":"of","start":841.83,"end":841.91},{"text":"settlements,","start":841.91,"end":842.55},{"text":"not","start":842.55,"end":842.67},{"text":"just","start":842.87,"end":843.23},{"text":"their","start":843.23,"end":843.35},{"text":"expansion,","start":843.35,"end":843.91},{"text":"their","start":843.99,"end":844.23},{"text":"mere","start":844.23,"end":844.47},{"text":"existence","start":844.47,"end":845.35},{"text":"violates","start":846.31,"end":846.91},{"text":"Security","start":846.91,"end":847.31},{"text":"Council","start":847.31,"end":847.71},{"text":"Resolution","start":847.71,"end":848.39},{"text":"2334","start":848.39,"end":849.71},{"text":"of","start":849.71,"end":849.83},{"text":"2016,","start":849.83,"end":850.71},{"text":"and","start":851.19,"end":851.39},{"text":"it","start":851.39,"end":851.51},{"text":"violates","start":851.51,"end":852.23},{"text":"the","start":852.23,"end":852.43},{"text":"2024","start":852.55,"end":853.67},{"text":"landmark","start":853.75,"end":854.63},{"text":"ruling","start":855.35,"end":855.83},{"text":"by","start":855.83,"end":856.07},{"text":"the","start":856.07,"end":856.15},{"text":"International","start":856.15,"end":856.79},{"text":"Court","start":856.79,"end":857.11},{"text":"of","start":857.11,"end":857.27},{"text":"Justice.","start":857.27,"end":857.91}]},{"text":"So let us know that the existence of settlements itself is illegal, not just their expansion.","start":858.43,"end":863.19,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"So","start":858.43,"end":858.55},{"text":"let","start":858.55,"end":858.71},{"text":"us","start":858.71,"end":858.87},{"text":"know","start":858.87,"end":859.03},{"text":"that","start":859.03,"end":859.23},{"text":"the","start":859.23,"end":859.35},{"text":"existence","start":859.35,"end":859.95},{"text":"of","start":860.31,"end":860.47},{"text":"settlements","start":860.47,"end":861.03},{"text":"itself","start":861.03,"end":861.51},{"text":"is","start":861.51,"end":861.59},{"text":"illegal,","start":861.59,"end":862.03},{"text":"not","start":862.03,"end":862.15},{"text":"just","start":862.15,"end":862.43},{"text":"their","start":862.43,"end":862.55},{"text":"expansion.","start":862.55,"end":863.19}]},{"text":"And the report notes a clear shift from de facto annexation of Palestinian land to formal annexation.","start":865.31,"end":873.31,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"And","start":865.31,"end":865.51},{"text":"the","start":865.51,"end":865.59},{"text":"report","start":865.59,"end":866.03},{"text":"notes","start":866.03,"end":866.39},{"text":"a","start":866.39,"end":866.43},{"text":"clear","start":866.43,"end":866.75},{"text":"shift","start":866.75,"end":867.07},{"text":"from","start":867.07,"end":867.55},{"text":"de","start":868.11,"end":868.31},{"text":"facto","start":868.35,"end":869.15},{"text":"annexation","start":869.15,"end":869.95},{"text":"of","start":869.95,"end":870.11},{"text":"Palestinian","start":870.11,"end":870.75},{"text":"land","start":870.75,"end":871.15},{"text":"to","start":871.39,"end":871.71},{"text":"formal","start":871.87,"end":872.47},{"text":"annexation.","start":872.47,"end":873.31}]},{"text":"And settlements also erode the prospects for the two-state solution, the framework the international community has long endorsed as the only plausible path for peace.","start":874.35,"end":886.99,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"And","start":874.35,"end":874.63},{"text":"settlements","start":874.67,"end":875.39},{"text":"also","start":875.39,"end":875.95},{"text":"erode","start":876.67,"end":877.03},{"text":"the","start":877.03,"end":877.15},{"text":"prospects","start":877.15,"end":877.87},{"text":"for","start":877.87,"end":878.11},{"text":"the","start":878.11,"end":878.19},{"text":"two-state","start":878.19,"end":878.67},{"text":"solution,","start":878.67,"end":879.39},{"text":"the","start":879.71,"end":879.95},{"text":"framework","start":879.95,"end":880.59},{"text":"the","start":880.59,"end":880.67},{"text":"international","start":880.67,"end":881.31},{"text":"community","start":881.31,"end":881.79},{"text":"has","start":881.79,"end":881.99},{"text":"long","start":882.03,"end":882.43},{"text":"endorsed","start":882.43,"end":882.99},{"text":"as","start":883.71,"end":883.91},{"text":"the","start":883.91,"end":883.99},{"text":"only","start":883.99,"end":884.35},{"text":"plausible","start":884.35,"end":884.91},{"text":"path","start":884.91,"end":885.19},{"text":"for","start":885.63,"end":886.19},{"text":"peace.","start":886.43,"end":886.99}]},{"text":"So in addition to the growth of settlements and dispossession of Palestinian natural resources, restrictions on the movement of people and goods in the West Bank have intensified in 2025.","start":889.39,"end":903.47,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"So","start":889.39,"end":889.63},{"text":"in","start":889.63,"end":889.75},{"text":"addition","start":889.75,"end":890.11},{"text":"to","start":890.11,"end":890.23},{"text":"the","start":890.27,"end":890.35},{"text":"growth","start":890.35,"end":890.71},{"text":"of","start":890.71,"end":890.83},{"text":"settlements","start":890.83,"end":891.47},{"text":"and","start":891.47,"end":891.75},{"text":"dispossession","start":891.75,"end":892.59},{"text":"of","start":892.67,"end":892.91},{"text":"Palestinian","start":892.91,"end":894.03},{"text":"natural","start":894.51,"end":894.95},{"text":"resources,","start":894.95,"end":895.55},{"text":"restrictions","start":896.75,"end":897.55},{"text":"on","start":897.55,"end":897.63},{"text":"the","start":897.67,"end":897.79},{"text":"movement","start":897.79,"end":898.59},{"text":"of","start":898.63,"end":898.75},{"text":"people","start":898.75,"end":899.23},{"text":"and","start":899.23,"end":899.39},{"text":"goods","start":899.39,"end":899.79},{"text":"in","start":899.79,"end":899.91},{"text":"the","start":899.91,"end":899.99},{"text":"West","start":899.99,"end":900.19},{"text":"Bank","start":900.19,"end":900.67},{"text":"have","start":900.99,"end":901.39},{"text":"intensified","start":901.47,"end":902.19},{"text":"in","start":902.19,"end":902.31},{"text":"2025.","start":902.31,"end":903.47}]},{"text":"There were 925 obstacles to the movement of Palestinian people and their goods.","start":904.51,"end":913.63,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"There","start":904.51,"end":904.91},{"text":"were","start":904.91,"end":905.39},{"text":"925","start":905.47,"end":907.15},{"text":"obstacles","start":907.27,"end":908.11},{"text":"to","start":908.11,"end":908.23},{"text":"the","start":908.23,"end":908.43},{"text":"movement","start":908.43,"end":908.99},{"text":"of","start":908.99,"end":909.15},{"text":"Palestinian","start":909.15,"end":909.79},{"text":"people","start":909.79,"end":910.27},{"text":"and","start":912.19,"end":912.59},{"text":"their","start":913.11,"end":913.23},{"text":"goods.","start":913.23,"end":913.63}]},{"text":"The Palestinian people want to move by themselves or to move their products from point A to point B, they have to deal with 925 obstacles.","start":914.11,"end":924.43,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"The","start":914.11,"end":914.19},{"text":"Palestinian","start":914.27,"end":914.79},{"text":"people","start":914.79,"end":915.15},{"text":"want","start":915.23,"end":915.75},{"text":"to","start":915.75,"end":915.83},{"text":"move","start":915.83,"end":916.19},{"text":"by","start":916.43,"end":916.59},{"text":"themselves","start":916.63,"end":917.15},{"text":"or","start":917.15,"end":917.47},{"text":"to","start":917.47,"end":917.63},{"text":"move","start":917.63,"end":917.79},{"text":"their","start":917.87,"end":918.03},{"text":"products","start":918.83,"end":919.39},{"text":"from","start":919.71,"end":919.95},{"text":"point","start":919.95,"end":920.27},{"text":"A","start":920.27,"end":920.31},{"text":"to","start":920.31,"end":920.67},{"text":"point","start":920.67,"end":920.99},{"text":"B,","start":920.99,"end":921.47},{"text":"they","start":921.47,"end":921.63},{"text":"have","start":921.63,"end":921.79},{"text":"to","start":921.79,"end":921.91},{"text":"deal","start":921.91,"end":922.15},{"text":"with","start":922.15,"end":922.31},{"text":"925","start":922.35,"end":923.79},{"text":"obstacles.","start":923.79,"end":924.43}]},{"text":"These obstacles increase the distance traveled, they increase the time traveled, they increase the financial cost of traveling, and that erodes the competitiveness of Palestinian producers and also has negative impact on social, cultural life.","start":924.99,"end":946.83,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"These","start":924.99,"end":925.31},{"text":"obstacles","start":925.31,"end":925.95},{"text":"increase","start":925.95,"end":926.83},{"text":"the","start":926.87,"end":926.95},{"text":"distance","start":927.39,"end":928.03},{"text":"traveled,","start":928.03,"end":928.51},{"text":"they","start":928.59,"end":928.71},{"text":"increase","start":928.71,"end":929.39},{"text":"the","start":929.39,"end":929.51},{"text":"time","start":929.51,"end":930.03},{"text":"traveled,","start":930.19,"end":930.67},{"text":"they","start":930.67,"end":930.83},{"text":"increase","start":930.83,"end":931.27},{"text":"the","start":931.27,"end":931.39},{"text":"financial","start":931.39,"end":931.95},{"text":"cost","start":931.95,"end":932.31},{"text":"of","start":932.75,"end":932.91},{"text":"traveling,","start":932.91,"end":933.39},{"text":"and","start":934.03,"end":934.23},{"text":"that","start":934.23,"end":934.51},{"text":"erodes","start":935.15,"end":935.95},{"text":"the","start":936.19,"end":936.43},{"text":"competitiveness","start":936.43,"end":937.55},{"text":"of","start":937.75,"end":937.95},{"text":"Palestinian","start":937.95,"end":938.51},{"text":"producers","start":938.51,"end":939.31},{"text":"and","start":939.79,"end":940.31},{"text":"also","start":940.75,"end":941.23},{"text":"has","start":941.95,"end":942.15},{"text":"negative","start":942.35,"end":942.75},{"text":"impact","start":942.75,"end":943.31},{"text":"on","start":943.71,"end":943.95},{"text":"social,","start":943.95,"end":944.51},{"text":"cultural","start":944.67,"end":945.39},{"text":"life.","start":946.35,"end":946.83}]},{"text":"Meanwhile, the destruction of Palestinian structures here in 2025, 1,660 buildings or structures were demolished by the occupying power.","start":948.55,"end":964.31,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"Meanwhile,","start":948.55,"end":948.95},{"text":"the","start":948.95,"end":949.07},{"text":"destruction","start":949.07,"end":949.59},{"text":"of","start":949.59,"end":949.75},{"text":"Palestinian","start":949.75,"end":950.79},{"text":"structures","start":950.79,"end":951.43},{"text":"here","start":951.43,"end":951.67},{"text":"in","start":951.75,"end":951.91},{"text":"2025,","start":951.91,"end":953.19},{"text":"1,660","start":958.23,"end":959.75},{"text":"buildings","start":960.95,"end":961.51},{"text":"or","start":961.51,"end":961.75},{"text":"structures","start":961.75,"end":962.47},{"text":"were","start":962.47,"end":962.63},{"text":"demolished","start":962.71,"end":963.19},{"text":"by","start":963.19,"end":963.35},{"text":"the","start":963.35,"end":963.47},{"text":"occupying","start":963.47,"end":963.91},{"text":"power.","start":963.91,"end":964.31}]},{"text":"And the demolitions result in the displacement of thousands of Palestinian peoples from their homeland.","start":964.83,"end":971.23,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"And","start":964.83,"end":964.99},{"text":"the","start":964.99,"end":965.07},{"text":"demolitions","start":965.07,"end":965.99},{"text":"result","start":966.39,"end":966.91},{"text":"in","start":966.91,"end":967.03},{"text":"the","start":967.03,"end":967.11},{"text":"displacement","start":967.15,"end":967.91},{"text":"of","start":967.91,"end":968.07},{"text":"thousands","start":968.11,"end":968.55},{"text":"of","start":968.55,"end":968.71},{"text":"Palestinian","start":968.71,"end":969.27},{"text":"peoples","start":969.27,"end":969.75},{"text":"from","start":969.75,"end":970.07},{"text":"their","start":970.07,"end":970.31},{"text":"homeland.","start":970.47,"end":971.23}]},{"text":"Donor-funded structures are not spared.","start":972.27,"end":974.95,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"Donor-funded","start":972.27,"end":973.15},{"text":"structures","start":973.23,"end":974.03},{"text":"are","start":974.03,"end":974.19},{"text":"not","start":974.19,"end":974.43},{"text":"spared.","start":974.43,"end":974.95}]},{"text":"Sometimes Palestinians are forced to demolish their own homes to avoid paying extra fines if the occupying power demolishes the structures on their behalf.","start":975.71,"end":986.51,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"Sometimes","start":975.71,"end":976.43},{"text":"Palestinians","start":976.43,"end":977.15},{"text":"are","start":977.15,"end":977.31},{"text":"forced","start":977.31,"end":977.79},{"text":"to","start":978.19,"end":978.27},{"text":"demolish","start":978.27,"end":978.67},{"text":"their","start":978.75,"end":978.87},{"text":"own","start":978.91,"end":979.23},{"text":"homes","start":979.23,"end":979.79},{"text":"to","start":980.03,"end":980.15},{"text":"avoid","start":980.15,"end":980.59},{"text":"paying","start":980.59,"end":981.07},{"text":"extra","start":981.07,"end":981.47},{"text":"fines","start":981.47,"end":982.03},{"text":"if","start":982.51,"end":982.71},{"text":"the","start":982.75,"end":982.91},{"text":"occupying","start":983.31,"end":983.79},{"text":"power","start":983.79,"end":984.11},{"text":"demolishes","start":984.11,"end":984.83},{"text":"the","start":984.91,"end":985.03},{"text":"structures","start":985.03,"end":985.63},{"text":"on","start":985.71,"end":985.87},{"text":"their","start":985.87,"end":986.03},{"text":"behalf.","start":986.03,"end":986.51}]},{"text":"The report also notes that settler violence has increased in 2025.","start":988.27,"end":992.35,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"The","start":988.27,"end":988.39},{"text":"report","start":988.39,"end":988.75},{"text":"also","start":988.75,"end":989.07},{"text":"notes","start":989.07,"end":989.35},{"text":"that","start":989.35,"end":989.59},{"text":"settler","start":989.59,"end":989.95},{"text":"violence","start":989.95,"end":990.43},{"text":"has","start":990.43,"end":990.55},{"text":"increased","start":990.59,"end":991.15},{"text":"in","start":991.15,"end":991.27},{"text":"2025.","start":991.27,"end":992.35}]},{"text":"And so violence against Palestinian people and against their products and assets combines with the expansion of settlements to create a coercive environment that pushes Palestinian people out of their ancestral land, and while settlement expansion entails the movement of citizens of the State of Israel to Palestinian land and thus altering the demographic composition of the West Bank in violation of international law.","start":993.63,"end":1025.43,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"And","start":993.63,"end":994.11},{"text":"so","start":994.27,"end":994.67},{"text":"violence","start":995.55,"end":996.19},{"text":"against","start":996.19,"end":996.59},{"text":"Palestinian","start":996.59,"end":997.15},{"text":"people","start":997.15,"end":997.47},{"text":"and","start":997.47,"end":997.75},{"text":"against","start":997.75,"end":998.11},{"text":"their","start":998.11,"end":998.39},{"text":"products","start":999.47,"end":999.95},{"text":"and","start":999.95,"end":1000.11},{"text":"assets","start":1000.11,"end":1000.67},{"text":"combines","start":1001.27,"end":1001.91},{"text":"with","start":1001.91,"end":1002.07},{"text":"the","start":1002.07,"end":1002.15},{"text":"expansion","start":1002.15,"end":1002.71},{"text":"of","start":1002.71,"end":1002.83},{"text":"settlements","start":1002.83,"end":1003.63},{"text":"to","start":1004.59,"end":1004.71},{"text":"create","start":1004.71,"end":1005.15},{"text":"a","start":1005.15,"end":1005.23},{"text":"coercive","start":1005.23,"end":1005.95},{"text":"environment","start":1005.95,"end":1006.71},{"text":"that","start":1006.75,"end":1007.07},{"text":"pushes","start":1007.07,"end":1007.47},{"text":"Palestinian","start":1007.47,"end":1008.11},{"text":"people","start":1008.11,"end":1008.67},{"text":"out","start":1008.99,"end":1009.27},{"text":"of","start":1009.27,"end":1009.39},{"text":"their","start":1009.39,"end":1009.71},{"text":"ancestral","start":1010.07,"end":1010.71},{"text":"land,","start":1010.71,"end":1011.03},{"text":"and","start":1011.95,"end":1012.27},{"text":"while","start":1012.27,"end":1012.63},{"text":"settlement","start":1012.63,"end":1013.19},{"text":"expansion","start":1013.19,"end":1013.87},{"text":"entails","start":1013.87,"end":1014.51},{"text":"the","start":1015.31,"end":1015.47},{"text":"movement","start":1015.47,"end":1016.11},{"text":"of","start":1016.11,"end":1016.27},{"text":"citizens","start":1016.67,"end":1017.31},{"text":"of","start":1017.35,"end":1017.55},{"text":"the","start":1017.55,"end":1017.67},{"text":"State","start":1017.79,"end":1018.15},{"text":"of","start":1018.15,"end":1018.27},{"text":"Israel","start":1018.27,"end":1018.83},{"text":"to","start":1018.83,"end":1019.23},{"text":"Palestinian","start":1019.31,"end":1019.95},{"text":"land","start":1019.95,"end":1020.23},{"text":"and","start":1020.23,"end":1020.43},{"text":"thus","start":1020.43,"end":1020.75},{"text":"altering","start":1020.75,"end":1021.23},{"text":"the","start":1021.23,"end":1021.31},{"text":"demographic","start":1021.31,"end":1021.83},{"text":"composition","start":1021.83,"end":1022.51},{"text":"of","start":1022.79,"end":1022.91},{"text":"the","start":1022.91,"end":1022.99},{"text":"West","start":1022.99,"end":1023.15},{"text":"Bank","start":1023.15,"end":1023.63},{"text":"in","start":1023.79,"end":1023.95},{"text":"violation","start":1023.95,"end":1024.43},{"text":"of","start":1024.43,"end":1024.51},{"text":"international","start":1024.51,"end":1025.35},{"text":"law.","start":1025.35,"end":1025.43}]},{"text":"As Mr. Secretary General has just indicated the fiscal crisis engulfing the Palestinian government has worsened.","start":1028.07,"end":1037.27,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"As","start":1028.07,"end":1028.35},{"text":"Mr.","start":1030.23,"end":1030.87},{"text":"Secretary","start":1031.03,"end":1031.59},{"text":"General","start":1031.59,"end":1031.95},{"text":"has","start":1031.95,"end":1032.15},{"text":"just","start":1032.15,"end":1032.39},{"text":"indicated","start":1032.39,"end":1033.03},{"text":"the","start":1033.51,"end":1033.75},{"text":"fiscal","start":1033.75,"end":1034.23},{"text":"crisis","start":1034.23,"end":1034.71},{"text":"engulfing","start":1034.71,"end":1035.19},{"text":"the","start":1035.19,"end":1035.27},{"text":"Palestinian","start":1035.27,"end":1035.75},{"text":"government","start":1035.75,"end":1036.31},{"text":"has","start":1036.31,"end":1036.51},{"text":"worsened.","start":1036.51,"end":1037.27}]},{"text":"And under the Paris Protocol, Israel collect Palestinian revenue on behalf of the Palestinian government and transfer it to the Palestinian government.","start":1037.75,"end":1050.55,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"And","start":1037.75,"end":1038.15},{"text":"under","start":1040.19,"end":1040.47},{"text":"the","start":1040.47,"end":1040.59},{"text":"Paris","start":1040.59,"end":1041.03},{"text":"Protocol,","start":1041.03,"end":1041.75},{"text":"Israel","start":1042.87,"end":1043.43},{"text":"collect","start":1043.43,"end":1043.91},{"text":"Palestinian","start":1044.95,"end":1045.51},{"text":"revenue","start":1045.51,"end":1046.07},{"text":"on","start":1047.03,"end":1047.19},{"text":"behalf","start":1047.19,"end":1047.51},{"text":"of","start":1047.51,"end":1047.59},{"text":"the","start":1047.59,"end":1047.75},{"text":"Palestinian","start":1047.75,"end":1048.19},{"text":"government","start":1048.19,"end":1048.63},{"text":"and","start":1048.63,"end":1048.83},{"text":"transfer","start":1048.83,"end":1049.15},{"text":"it","start":1049.15,"end":1049.39},{"text":"to","start":1049.39,"end":1049.47},{"text":"the","start":1049.47,"end":1049.55},{"text":"Palestinian","start":1049.55,"end":1050.07},{"text":"government.","start":1050.07,"end":1050.55}]},{"text":"This mechanism allows Israel to control two-thirds of Palestinian fiscal resources.","start":1051.03,"end":1056.23,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"This","start":1051.03,"end":1051.35},{"text":"mechanism","start":1051.35,"end":1051.91},{"text":"allows","start":1051.91,"end":1052.39},{"text":"Israel","start":1052.39,"end":1052.87},{"text":"to","start":1052.87,"end":1052.99},{"text":"control","start":1052.99,"end":1053.59},{"text":"two-thirds","start":1053.59,"end":1054.23},{"text":"of","start":1054.35,"end":1054.47},{"text":"Palestinian","start":1054.47,"end":1055.11},{"text":"fiscal","start":1055.11,"end":1055.51},{"text":"resources.","start":1055.51,"end":1056.23}]},{"text":"So this also gives it the power to impose unilateral deduction and to withhold the transfer of these revenues to the Palestinian government.","start":1056.87,"end":1067.47,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1056.87,"end":1057.19},{"text":"this","start":1057.19,"end":1057.43},{"text":"also","start":1057.43,"end":1057.71},{"text":"gives","start":1057.71,"end":1058.23},{"text":"it","start":1058.23,"end":1058.39},{"text":"the","start":1058.47,"end":1058.63},{"text":"power","start":1058.63,"end":1059.27},{"text":"to","start":1059.87,"end":1059.95},{"text":"impose","start":1059.95,"end":1060.51},{"text":"unilateral","start":1060.51,"end":1061.15},{"text":"deduction","start":1061.15,"end":1061.63},{"text":"and","start":1062.11,"end":1062.31},{"text":"to","start":1062.31,"end":1062.39},{"text":"withhold","start":1062.39,"end":1063.07},{"text":"the","start":1063.07,"end":1063.23},{"text":"transfer","start":1063.23,"end":1063.83},{"text":"of","start":1063.83,"end":1063.95},{"text":"these","start":1063.95,"end":1064.43},{"text":"revenues","start":1065.55,"end":1066.11},{"text":"to","start":1066.11,"end":1066.19},{"text":"the","start":1066.19,"end":1066.35},{"text":"Palestinian","start":1066.35,"end":1066.83},{"text":"government.","start":1066.83,"end":1067.47}]},{"text":"Since May 2025, that's over a year now, Israel has withheld all cleans revenue transfers.","start":1068.27,"end":1075.23,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"Since","start":1068.27,"end":1068.67},{"text":"May","start":1068.67,"end":1068.83},{"text":"2025,","start":1068.83,"end":1069.87},{"text":"that's","start":1069.87,"end":1070.19},{"text":"over","start":1070.19,"end":1070.71},{"text":"a","start":1070.71,"end":1070.75},{"text":"year","start":1070.75,"end":1070.99},{"text":"now,","start":1070.99,"end":1071.23},{"text":"Israel","start":1071.63,"end":1072.27},{"text":"has","start":1072.27,"end":1072.51},{"text":"withheld","start":1072.51,"end":1073.07},{"text":"all","start":1073.15,"end":1073.47},{"text":"cleans","start":1073.47,"end":1074.03},{"text":"revenue","start":1074.03,"end":1074.51},{"text":"transfers.","start":1074.51,"end":1075.23}]},{"text":"That is two-thirds of Palestinian fiscal revenue.","start":1075.87,"end":1078.75,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"That","start":1075.87,"end":1076.19},{"text":"is","start":1076.19,"end":1076.43},{"text":"two-thirds","start":1076.59,"end":1077.19},{"text":"of","start":1077.19,"end":1077.35},{"text":"Palestinian","start":1077.35,"end":1077.91},{"text":"fiscal","start":1077.91,"end":1078.27},{"text":"revenue.","start":1078.27,"end":1078.75}]},{"text":"The ensuing fiscal crisis poses serious risks to the capacity of the Palestinian government to provide basic governance and fund social welfare or education and health and all the normal expenditure that governments do around the world.","start":1080.43,"end":1102.27,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."},{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."}],"words":[{"text":"The","start":1080.43,"end":1080.51},{"text":"ensuing","start":1080.59,"end":1081.15},{"text":"fiscal","start":1081.15,"end":1081.63},{"text":"crisis","start":1081.63,"end":1082.27},{"text":"poses","start":1082.59,"end":1083.07},{"text":"serious","start":1083.07,"end":1083.71},{"text":"risks","start":1083.71,"end":1084.03},{"text":"to","start":1084.23,"end":1084.31},{"text":"the","start":1084.31,"end":1084.51},{"text":"capacity","start":1085.15,"end":1085.75},{"text":"of","start":1085.75,"end":1085.87},{"text":"the","start":1085.87,"end":1086.03},{"text":"Palestinian","start":1086.03,"end":1086.51},{"text":"government","start":1086.51,"end":1086.99},{"text":"to","start":1086.99,"end":1087.11},{"text":"provide","start":1087.11,"end":1087.71},{"text":"basic","start":1087.95,"end":1088.51},{"text":"governance","start":1088.67,"end":1089.55},{"text":"and","start":1090.19,"end":1090.71},{"text":"fund","start":1091.07,"end":1091.59},{"text":"social","start":1092.27,"end":1092.99},{"text":"welfare","start":1092.99,"end":1093.63},{"text":"or","start":1093.63,"end":1093.87},{"text":"education","start":1094.07,"end":1094.67},{"text":"and","start":1094.67,"end":1094.79},{"text":"health","start":1094.83,"end":1095.19},{"text":"and","start":1096.03,"end":1096.59},{"text":"all","start":1096.91,"end":1097.55},{"text":"the","start":1097.55,"end":1097.87},{"text":"normal","start":1097.87,"end":1098.39},{"text":"expenditure","start":1098.39,"end":1099.39},{"text":"that","start":1099.95,"end":1100.35},{"text":"governments","start":1100.75,"end":1101.31},{"text":"do","start":1101.31,"end":1101.47},{"text":"around","start":1101.47,"end":1101.79},{"text":"the","start":1101.79,"end":1101.87},{"text":"world.","start":1101.87,"end":1102.27}]},{"text":"And the crisis has also forced the Palestinian government to heavily borrow from domestic banks, and it also forced it to pay partial salaries.","start":1103.91,"end":1114.03,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"And","start":1103.91,"end":1104.03},{"text":"the","start":1104.11,"end":1104.27},{"text":"crisis","start":1104.27,"end":1104.71},{"text":"has","start":1104.71,"end":1104.87},{"text":"also","start":1104.91,"end":1105.55},{"text":"forced","start":1105.55,"end":1105.99},{"text":"the","start":1105.99,"end":1106.11},{"text":"Palestinian","start":1106.11,"end":1106.59},{"text":"government","start":1106.59,"end":1107.11},{"text":"to","start":1107.11,"end":1107.31},{"text":"heavily","start":1107.31,"end":1107.71},{"text":"borrow","start":1107.71,"end":1108.03},{"text":"from","start":1108.03,"end":1108.75},{"text":"domestic","start":1108.75,"end":1109.19},{"text":"banks,","start":1109.19,"end":1109.79},{"text":"and","start":1110.99,"end":1111.51},{"text":"it","start":1111.55,"end":1111.71},{"text":"also","start":1111.71,"end":1112.03},{"text":"forced","start":1112.03,"end":1112.35},{"text":"it","start":1112.35,"end":1112.71},{"text":"to","start":1112.71,"end":1112.79},{"text":"pay","start":1112.79,"end":1112.99},{"text":"partial","start":1112.99,"end":1113.47},{"text":"salaries.","start":1113.47,"end":1114.03}]},{"text":"In fact, it has been paying partial salaries since 2021.","start":1114.11,"end":1118.67,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"In","start":1114.11,"end":1114.23},{"text":"fact,","start":1114.23,"end":1114.59},{"text":"it","start":1114.59,"end":1114.99},{"text":"has","start":1114.99,"end":1115.15},{"text":"been","start":1115.15,"end":1115.47},{"text":"paying","start":1115.55,"end":1115.79},{"text":"partial","start":1115.79,"end":1116.35},{"text":"salaries","start":1116.35,"end":1117.07},{"text":"since","start":1117.47,"end":1117.79},{"text":"2021.","start":1118.07,"end":1118.67}]},{"text":"So now for about five years, civil servants have been receiving partial salaries that range from 50% of their dues to 70% now.","start":1119.23,"end":1130.71,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1119.23,"end":1119.39},{"text":"now","start":1119.39,"end":1119.63},{"text":"for","start":1119.63,"end":1120.11},{"text":"about","start":1120.11,"end":1120.59},{"text":"five","start":1120.59,"end":1120.95},{"text":"years,","start":1120.95,"end":1121.47},{"text":"civil","start":1121.63,"end":1122.03},{"text":"servants","start":1122.03,"end":1122.51},{"text":"have","start":1122.51,"end":1122.71},{"text":"been","start":1122.71,"end":1122.87},{"text":"receiving","start":1122.87,"end":1123.31},{"text":"partial","start":1123.31,"end":1123.79},{"text":"salaries","start":1123.79,"end":1124.67},{"text":"that","start":1125.31,"end":1125.71},{"text":"range","start":1125.95,"end":1126.27},{"text":"from","start":1126.27,"end":1126.59},{"text":"50%","start":1126.59,"end":1126.63},{"text":"of","start":1126.63,"end":1126.91},{"text":"their","start":1126.91,"end":1127.43},{"text":"dues","start":1128.51,"end":1128.99},{"text":"to","start":1129.87,"end":1130.47},{"text":"70%","start":1130.47,"end":1130.51},{"text":"now.","start":1130.51,"end":1130.71}]},{"text":"So as a result, civil servants are now borrowing heavily from domestic banks to bridge their needs.","start":1133.31,"end":1141.71,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1133.31,"end":1133.79},{"text":"as","start":1134.59,"end":1134.75},{"text":"a","start":1134.75,"end":1134.83},{"text":"result,","start":1134.83,"end":1135.27},{"text":"civil","start":1135.55,"end":1135.87},{"text":"servants","start":1135.87,"end":1136.55},{"text":"are","start":1136.55,"end":1136.63},{"text":"now","start":1136.67,"end":1137.15},{"text":"borrowing","start":1137.15,"end":1137.55},{"text":"heavily","start":1137.55,"end":1137.91},{"text":"from","start":1137.91,"end":1138.11},{"text":"domestic","start":1138.11,"end":1138.51},{"text":"banks","start":1138.51,"end":1138.99},{"text":"to","start":1138.99,"end":1139.15},{"text":"bridge","start":1139.15,"end":1139.79},{"text":"their","start":1140.27,"end":1140.51},{"text":"needs.","start":1141.07,"end":1141.71}]},{"text":"So that means the banking sector is doubly exposed to the government.","start":1142.43,"end":1147.95,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1142.43,"end":1142.67},{"text":"that","start":1142.67,"end":1143.15},{"text":"means","start":1143.15,"end":1143.59},{"text":"the","start":1143.59,"end":1143.67},{"text":"banking","start":1143.87,"end":1144.27},{"text":"sector","start":1144.27,"end":1145.39},{"text":"is","start":1145.39,"end":1145.55},{"text":"doubly","start":1145.55,"end":1146.19},{"text":"exposed","start":1146.19,"end":1146.83},{"text":"to","start":1146.83,"end":1147.15},{"text":"the","start":1147.23,"end":1147.43},{"text":"government.","start":1147.43,"end":1147.95}]},{"text":"So if the fiscal crisis forces the government to default in payment to the banking sector, and civil servants cannot pay back to the banking sector from which they borrowed, that can undermine the banking system and can foster a crisis.","start":1148.39,"end":1166.15,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1148.39,"end":1148.55},{"text":"if","start":1148.55,"end":1148.63},{"text":"the","start":1148.63,"end":1148.75},{"text":"fiscal","start":1148.75,"end":1149.19},{"text":"crisis","start":1149.19,"end":1149.99},{"text":"forces","start":1150.39,"end":1150.95},{"text":"the","start":1150.95,"end":1151.03},{"text":"government","start":1151.03,"end":1151.55},{"text":"to","start":1151.55,"end":1151.67},{"text":"default","start":1151.67,"end":1152.27},{"text":"in","start":1152.47,"end":1152.63},{"text":"payment","start":1152.63,"end":1153.15},{"text":"to","start":1153.15,"end":1153.27},{"text":"the","start":1153.27,"end":1153.35},{"text":"banking","start":1153.35,"end":1153.75},{"text":"sector,","start":1153.75,"end":1154.23},{"text":"and","start":1155.35,"end":1155.75},{"text":"civil","start":1156.07,"end":1156.47},{"text":"servants","start":1156.47,"end":1156.95},{"text":"cannot","start":1156.95,"end":1157.19},{"text":"pay","start":1157.19,"end":1157.35},{"text":"back","start":1157.35,"end":1157.67},{"text":"to","start":1157.91,"end":1158.07},{"text":"the","start":1158.07,"end":1158.15},{"text":"banking","start":1158.15,"end":1158.55},{"text":"sector","start":1158.55,"end":1159.03},{"text":"from","start":1160.15,"end":1160.43},{"text":"which","start":1160.43,"end":1160.63},{"text":"they","start":1160.63,"end":1160.79},{"text":"borrowed,","start":1160.79,"end":1161.19},{"text":"that","start":1161.91,"end":1162.15},{"text":"can","start":1162.15,"end":1162.31},{"text":"undermine","start":1162.31,"end":1162.87},{"text":"the","start":1162.87,"end":1163.07},{"text":"banking","start":1163.11,"end":1163.51},{"text":"system","start":1163.51,"end":1163.99},{"text":"and","start":1163.99,"end":1164.15},{"text":"can","start":1164.15,"end":1164.63},{"text":"foster","start":1164.71,"end":1165.43},{"text":"a","start":1165.43,"end":1165.47},{"text":"crisis.","start":1165.47,"end":1166.15}]},{"text":"But if this crisis reaches a certain level, its impact will not be just financial.","start":1166.55,"end":1174.71,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"But","start":1166.55,"end":1166.95},{"text":"if","start":1166.95,"end":1167.03},{"text":"this","start":1167.03,"end":1167.27},{"text":"crisis","start":1167.27,"end":1167.91},{"text":"reaches","start":1169.91,"end":1170.35},{"text":"a","start":1170.35,"end":1170.39},{"text":"certain","start":1170.39,"end":1171.19},{"text":"level,","start":1171.19,"end":1171.67},{"text":"its","start":1172.23,"end":1172.39},{"text":"impact","start":1172.39,"end":1172.95},{"text":"will","start":1173.19,"end":1173.51},{"text":"not","start":1173.51,"end":1173.67},{"text":"be","start":1173.67,"end":1173.91},{"text":"just","start":1173.91,"end":1174.11},{"text":"financial.","start":1174.11,"end":1174.71}]},{"text":"It will spill over to the whole economy.","start":1174.71,"end":1176.63,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"It","start":1174.71,"end":1174.87},{"text":"will","start":1174.91,"end":1175.03},{"text":"spill","start":1175.03,"end":1175.35},{"text":"over","start":1175.35,"end":1175.67},{"text":"to","start":1175.67,"end":1175.79},{"text":"the","start":1175.79,"end":1175.91},{"text":"whole","start":1175.91,"end":1176.11},{"text":"economy.","start":1176.11,"end":1176.63}]},{"text":"and it will affect every aspect of social, political, economic, and trade life.","start":1177.11,"end":1182.59,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"and","start":1177.11,"end":1177.27},{"text":"it","start":1177.27,"end":1177.39},{"text":"will","start":1177.39,"end":1177.55},{"text":"affect","start":1177.67,"end":1178.07},{"text":"every","start":1178.27,"end":1178.67},{"text":"aspect","start":1178.67,"end":1179.19},{"text":"of","start":1179.19,"end":1179.31},{"text":"social,","start":1179.31,"end":1179.87},{"text":"political,","start":1179.95,"end":1180.59},{"text":"economic,","start":1180.87,"end":1181.47},{"text":"and","start":1181.47,"end":1181.83},{"text":"trade","start":1181.83,"end":1182.07},{"text":"life.","start":1182.07,"end":1182.59}]},{"text":"So there are other problems the banking system is facing.","start":1186.91,"end":1192.11,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1186.91,"end":1187.63},{"text":"there","start":1187.71,"end":1187.95},{"text":"are","start":1187.95,"end":1188.11},{"text":"other","start":1188.11,"end":1188.83},{"text":"problems","start":1189.39,"end":1189.91},{"text":"the","start":1189.91,"end":1189.99},{"text":"banking","start":1189.99,"end":1190.35},{"text":"system","start":1190.35,"end":1190.99},{"text":"is","start":1191.07,"end":1191.55},{"text":"facing.","start":1191.55,"end":1192.11}]},{"text":"For example, the shortness of the letters of indemnity issued by Israel.","start":1192.11,"end":1198.11,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"For","start":1192.11,"end":1192.39},{"text":"example,","start":1192.39,"end":1193.07},{"text":"the","start":1194.35,"end":1194.51},{"text":"shortness","start":1194.51,"end":1195.23},{"text":"of","start":1195.23,"end":1195.47},{"text":"the","start":1195.47,"end":1195.63},{"text":"letters","start":1195.71,"end":1196.27},{"text":"of","start":1196.35,"end":1196.51},{"text":"indemnity","start":1196.51,"end":1197.27},{"text":"issued","start":1197.27,"end":1197.47},{"text":"by","start":1197.47,"end":1197.71},{"text":"Israel.","start":1197.71,"end":1198.11}]},{"text":"The only way for Palestinian banks to access international trade and international finance is to work through Israeli banks.","start":1199.63,"end":1205.87,"topics":[{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"The","start":1199.63,"end":1199.79},{"text":"only","start":1199.79,"end":1200.07},{"text":"way","start":1200.07,"end":1200.19},{"text":"for","start":1200.19,"end":1200.35},{"text":"Palestinian","start":1200.35,"end":1200.91},{"text":"banks","start":1200.91,"end":1201.31},{"text":"to","start":1201.31,"end":1201.43},{"text":"access","start":1201.43,"end":1201.75},{"text":"international","start":1201.75,"end":1202.39},{"text":"trade","start":1202.39,"end":1202.63},{"text":"and","start":1202.63,"end":1202.75},{"text":"international","start":1202.75,"end":1203.39},{"text":"finance","start":1203.39,"end":1203.87},{"text":"is","start":1204.19,"end":1204.35},{"text":"to","start":1204.35,"end":1204.47},{"text":"work","start":1204.47,"end":1204.75},{"text":"through","start":1204.79,"end":1204.99},{"text":"Israeli","start":1204.99,"end":1205.47},{"text":"banks.","start":1205.47,"end":1205.87}]},{"text":"And for Israeli banks to work with the Palestinian with Palestinian banks, they need guarantees from the Israeli government that they will not face charges related to money laundering or to financing of terrorism and things like that.","start":1206.27,"end":1221.03,"topics":[{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"And","start":1206.27,"end":1206.39},{"text":"for","start":1206.39,"end":1206.55},{"text":"Israeli","start":1206.55,"end":1206.95},{"text":"banks","start":1206.95,"end":1207.43},{"text":"to","start":1207.51,"end":1207.63},{"text":"work","start":1207.67,"end":1208.15},{"text":"with","start":1208.55,"end":1208.75},{"text":"the","start":1208.75,"end":1208.87},{"text":"Palestinian","start":1208.87,"end":1209.83},{"text":"with","start":1209.99,"end":1210.19},{"text":"Palestinian","start":1210.23,"end":1210.71},{"text":"banks,","start":1210.71,"end":1210.99},{"text":"they","start":1210.99,"end":1211.19},{"text":"need","start":1211.19,"end":1211.35},{"text":"guarantees","start":1211.35,"end":1212.07},{"text":"from","start":1212.07,"end":1212.23},{"text":"the","start":1212.23,"end":1212.31},{"text":"Israeli","start":1212.31,"end":1212.71},{"text":"government","start":1212.71,"end":1213.27},{"text":"that","start":1213.83,"end":1214.23},{"text":"they","start":1214.23,"end":1214.35},{"text":"will","start":1214.35,"end":1214.51},{"text":"not","start":1214.51,"end":1214.71},{"text":"face","start":1214.71,"end":1215.11},{"text":"charges","start":1215.91,"end":1216.47},{"text":"related","start":1216.47,"end":1216.95},{"text":"to","start":1216.95,"end":1217.35},{"text":"money","start":1217.35,"end":1217.63},{"text":"laundering","start":1217.63,"end":1218.31},{"text":"or","start":1218.31,"end":1218.55},{"text":"to","start":1218.55,"end":1218.71},{"text":"financing","start":1218.71,"end":1219.27},{"text":"of","start":1219.27,"end":1219.43},{"text":"terrorism","start":1219.43,"end":1219.99},{"text":"and","start":1219.99,"end":1220.15},{"text":"things","start":1220.15,"end":1220.51},{"text":"like","start":1220.51,"end":1220.71},{"text":"that.","start":1220.71,"end":1221.03}]},{"text":"This the Israeli authorities issue these letters, they can be as short as two weeks.","start":1222.23,"end":1226.95,"topics":[],"words":[{"text":"This","start":1222.23,"end":1222.71},{"text":"the","start":1222.79,"end":1222.87},{"text":"Israeli","start":1222.87,"end":1223.27},{"text":"authorities","start":1223.27,"end":1223.83},{"text":"issue","start":1223.83,"end":1224.07},{"text":"these","start":1224.07,"end":1224.47},{"text":"letters,","start":1224.47,"end":1224.99},{"text":"they","start":1224.99,"end":1225.11},{"text":"can","start":1225.11,"end":1225.39},{"text":"be","start":1225.39,"end":1225.59},{"text":"as","start":1225.59,"end":1225.75},{"text":"short","start":1225.75,"end":1226.07},{"text":"as","start":1226.07,"end":1226.23},{"text":"two","start":1226.23,"end":1226.43},{"text":"weeks.","start":1226.43,"end":1226.95}]},{"text":"Two weeks is just too short, and that fosters costly uncertainty.","start":1227.27,"end":1231.51,"topics":[],"words":[{"text":"Two","start":1227.27,"end":1227.47},{"text":"weeks","start":1227.59,"end":1227.83},{"text":"is","start":1227.83,"end":1227.99},{"text":"just","start":1228.07,"end":1228.35},{"text":"too","start":1228.35,"end":1228.47},{"text":"short,","start":1228.47,"end":1228.79},{"text":"and","start":1228.79,"end":1228.91},{"text":"that","start":1228.91,"end":1229.11},{"text":"fosters","start":1229.11,"end":1229.75},{"text":"costly","start":1230.19,"end":1230.71},{"text":"uncertainty.","start":1230.71,"end":1231.51}]},{"text":"Another problem is the accumulation of fiscal shekels with Palestinian banks, the Palestinian banks now have billions in Israeli shekels that they cannot, uh, transfer back.","start":1232.19,"end":1245,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"Another","start":1232.19,"end":1233.07},{"text":"problem","start":1233.23,"end":1233.79},{"text":"is","start":1233.79,"end":1233.91},{"text":"the","start":1233.91,"end":1233.99},{"text":"accumulation","start":1233.99,"end":1234.75},{"text":"of","start":1234.75,"end":1234.95},{"text":"fiscal","start":1234.95,"end":1235.55},{"text":"shekels","start":1235.55,"end":1236.03},{"text":"with","start":1236.03,"end":1236.27},{"text":"Palestinian","start":1236.59,"end":1237.23},{"text":"banks,","start":1237.23,"end":1237.55},{"text":"the","start":1237.55,"end":1237.63},{"text":"Palestinian","start":1237.63,"end":1238.11},{"text":"banks","start":1238.11,"end":1238.43},{"text":"now","start":1238.43,"end":1238.67},{"text":"have","start":1238.67,"end":1238.83},{"text":"billions","start":1238.83,"end":1239.71},{"text":"in","start":1240.43,"end":1240.63},{"text":"Israeli","start":1240.83,"end":1241.23},{"text":"shekels","start":1241.23,"end":1241.87},{"text":"that","start":1241.87,"end":1242.35},{"text":"they","start":1242.67,"end":1242.87},{"text":"cannot,","start":1242.87,"end":1243.19},{"text":"uh,","start":1243.19,"end":1243.23},{"text":"transfer","start":1244.27,"end":1244.83},{"text":"back.","start":1244.83,"end":1245}]},{"text":"to Israel or deposited with Israeli banks.","start":1245.11,"end":1247.59,"topics":[],"words":[{"text":"to","start":1245.11,"end":1245.35},{"text":"Israel","start":1245.35,"end":1245.83},{"text":"or","start":1245.83,"end":1246.15},{"text":"deposited","start":1246.15,"end":1246.55},{"text":"with","start":1246.55,"end":1246.71},{"text":"Israeli","start":1246.71,"end":1247.15},{"text":"banks.","start":1247.15,"end":1247.59}]},{"text":"In other words, Israel does not accept the currency it issues, and the Palestinians are compelled to use.","start":1248.23,"end":1255.83,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}],"words":[{"text":"In","start":1248.23,"end":1248.39},{"text":"other","start":1248.39,"end":1248.63},{"text":"words,","start":1248.63,"end":1248.95},{"text":"Israel","start":1248.95,"end":1249.35},{"text":"does","start":1249.35,"end":1249.51},{"text":"not","start":1249.51,"end":1249.71},{"text":"accept","start":1249.71,"end":1250.19},{"text":"the","start":1251.19,"end":1251.39},{"text":"currency","start":1251.39,"end":1251.87},{"text":"it","start":1251.87,"end":1251.99},{"text":"issues,","start":1251.99,"end":1252.55},{"text":"and","start":1252.71,"end":1252.95},{"text":"the","start":1252.95,"end":1253.03},{"text":"Palestinians","start":1253.03,"end":1253.87},{"text":"are","start":1254.47,"end":1254.59},{"text":"compelled","start":1254.59,"end":1255.11},{"text":"to","start":1255.19,"end":1255.35},{"text":"use.","start":1255.35,"end":1255.83}]},{"text":"So Palestinians need to transfer these physical shekels into digital balances so that they can finance the importation of essential goods.","start":1255.99,"end":1266.39,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"So","start":1255.99,"end":1256.23},{"text":"Palestinians","start":1256.31,"end":1256.95},{"text":"need","start":1256.95,"end":1257.11},{"text":"to","start":1257.11,"end":1257.59},{"text":"transfer","start":1258.79,"end":1259.43},{"text":"these","start":1259.43,"end":1259.91},{"text":"physical","start":1259.99,"end":1260.43},{"text":"shekels","start":1260.71,"end":1261.67},{"text":"into","start":1261.67,"end":1262.15},{"text":"digital","start":1262.15,"end":1262.63},{"text":"balances","start":1262.63,"end":1263.07},{"text":"so","start":1263.07,"end":1263.27},{"text":"that","start":1263.27,"end":1263.43},{"text":"they","start":1263.43,"end":1263.59},{"text":"can","start":1263.59,"end":1263.75},{"text":"finance","start":1263.75,"end":1264.39},{"text":"the","start":1264.63,"end":1264.83},{"text":"importation","start":1264.83,"end":1265.43},{"text":"of","start":1265.43,"end":1265.51},{"text":"essential","start":1265.51,"end":1265.99},{"text":"goods.","start":1265.99,"end":1266.39}]},{"text":"And this capacity is being disrupted, and it has been weakened, and it's also poses another risk to the Palestinian economy and to the Palestinian banking sector.","start":1267.03,"end":1278.47,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"And","start":1267.03,"end":1267.47},{"text":"this","start":1267.47,"end":1268.15},{"text":"capacity","start":1268.15,"end":1268.71},{"text":"is","start":1268.87,"end":1269.11},{"text":"being","start":1269.11,"end":1269.35},{"text":"disrupted,","start":1269.35,"end":1269.99},{"text":"and","start":1269.99,"end":1270.27},{"text":"it","start":1270.27,"end":1270.35},{"text":"has","start":1270.35,"end":1270.55},{"text":"been","start":1270.55,"end":1270.79},{"text":"weakened,","start":1270.79,"end":1271.23},{"text":"and","start":1271.27,"end":1271.47},{"text":"it's","start":1271.47,"end":1271.83},{"text":"also","start":1271.83,"end":1272.39},{"text":"poses","start":1273.19,"end":1273.51},{"text":"another","start":1273.51,"end":1274.31},{"text":"risk","start":1275.19,"end":1275.51},{"text":"to","start":1275.51,"end":1275.63},{"text":"the","start":1275.63,"end":1275.75},{"text":"Palestinian","start":1275.75,"end":1276.27},{"text":"economy","start":1276.27,"end":1276.59},{"text":"and","start":1276.59,"end":1276.71},{"text":"to","start":1276.71,"end":1276.79},{"text":"the","start":1276.79,"end":1276.87},{"text":"Palestinian","start":1276.87,"end":1277.43},{"text":"banking","start":1277.43,"end":1277.91},{"text":"sector.","start":1277.91,"end":1278.47}]},{"text":"The report emphasizes that the Palestinian government has been tasked with responsibilities far beyond its resources.","start":1280.71,"end":1288.55,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"The","start":1280.71,"end":1281.11},{"text":"report","start":1281.27,"end":1281.99},{"text":"emphasizes","start":1281.99,"end":1282.75},{"text":"that","start":1282.75,"end":1282.87},{"text":"the","start":1282.87,"end":1282.95},{"text":"Palestinian","start":1282.95,"end":1283.47},{"text":"government","start":1283.47,"end":1283.99},{"text":"has","start":1283.99,"end":1284.23},{"text":"been","start":1284.23,"end":1284.55},{"text":"tasked","start":1284.95,"end":1285.43},{"text":"with","start":1285.43,"end":1285.59},{"text":"responsibilities","start":1285.59,"end":1286.63},{"text":"far","start":1286.63,"end":1287.11},{"text":"beyond","start":1287.11,"end":1287.51},{"text":"its","start":1287.51,"end":1287.75},{"text":"resources.","start":1287.75,"end":1288.55}]},{"text":"It has no sovereign currency, no monetary policy tools, no control of its borders, very limited fiscal space.","start":1288.95,"end":1297.11,"topics":[{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."},{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"It","start":1288.95,"end":1289.11},{"text":"has","start":1289.11,"end":1289.27},{"text":"no","start":1289.27,"end":1289.43},{"text":"sovereign","start":1289.43,"end":1289.83},{"text":"currency,","start":1289.83,"end":1290.31},{"text":"no","start":1290.71,"end":1290.95},{"text":"monetary","start":1290.95,"end":1291.43},{"text":"policy","start":1291.59,"end":1291.99},{"text":"tools,","start":1291.99,"end":1292.39},{"text":"no","start":1292.71,"end":1292.91},{"text":"control","start":1292.91,"end":1293.35},{"text":"of","start":1293.35,"end":1293.51},{"text":"its","start":1293.99,"end":1294.31},{"text":"borders,","start":1294.31,"end":1294.95},{"text":"very","start":1295.35,"end":1295.71},{"text":"limited","start":1295.71,"end":1296.11},{"text":"fiscal","start":1296.11,"end":1296.47},{"text":"space.","start":1296.55,"end":1297.11}]},{"text":"At the same time, The damages incurred in Gaza alone are $71.5 billion.","start":1298.23,"end":1306.39,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"At","start":1298.23,"end":1298.39},{"text":"the","start":1298.43,"end":1298.51},{"text":"same","start":1298.55,"end":1298.79},{"text":"time,","start":1298.79,"end":1299.19},{"text":"The","start":1300.55,"end":1300.75},{"text":"damages","start":1300.75,"end":1301.59},{"text":"incurred","start":1302.79,"end":1303.35},{"text":"in","start":1303.51,"end":1303.63},{"text":"Gaza","start":1303.63,"end":1304.03},{"text":"alone","start":1304.03,"end":1304.39},{"text":"are","start":1304.39,"end":1304.71},{"text":"$71.5","start":1305.43,"end":1305.55},{"text":"billion.","start":1305.55,"end":1306.39}]},{"text":"Obviously, the Palestinian government cannot shoulder this financial burden.","start":1306.39,"end":1314.27,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. 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Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"Obviously,","start":1306.39,"end":1307.51},{"text":"the","start":1307.95,"end":1308.03},{"text":"Palestinian","start":1308.03,"end":1309.03},{"text":"government","start":1309.03,"end":1309.55},{"text":"cannot","start":1309.55,"end":1309.99},{"text":"shoulder","start":1312.15,"end":1312.71},{"text":"this","start":1312.75,"end":1313.11},{"text":"financial","start":1313.11,"end":1313.67},{"text":"burden.","start":1313.67,"end":1314.27}]},{"text":"It doesn't have the resources.","start":1314.27,"end":1315.59,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"It","start":1314.27,"end":1314.35},{"text":"doesn't","start":1314.35,"end":1314.75},{"text":"have","start":1314.75,"end":1314.87},{"text":"the","start":1314.87,"end":1314.95},{"text":"resources.","start":1314.95,"end":1315.59}]},{"text":"And that puts the onus and responsibility on the international community, not only to fund recovery and reconstruction, but also to provide urgent and vital fiscal support to the Palestinian government.","start":1316.07,"end":1329.83,"topics":[{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."},{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. 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Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"both","start":1330.43,"end":1331.23},{"text":"budgetary","start":1331.23,"end":1331.83},{"text":"support","start":1331.83,"end":1332.39},{"text":"and","start":1332.39,"end":1332.59},{"text":"for","start":1332.59,"end":1332.83},{"text":"development","start":1332.83,"end":1333.43},{"text":"support.","start":1333.43,"end":1333.87}]},{"text":"That is essential for the Palestinian government to survive.","start":1333.87,"end":1337.95,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"That","start":1333.87,"end":1334.11},{"text":"is","start":1334.19,"end":1334.43},{"text":"essential","start":1334.43,"end":1335.31},{"text":"for","start":1335.87,"end":1336.27},{"text":"the","start":1336.27,"end":1336.35},{"text":"Palestinian","start":1336.35,"end":1336.83},{"text":"government","start":1336.83,"end":1337.27},{"text":"to","start":1337.27,"end":1337.35},{"text":"survive.","start":1337.35,"end":1337.95}]},{"text":"The report argues that a sovereign, independent Palestinian state, as called for by United Nations resolutions, is a precondition for regional and global peace.","start":1340.43,"end":1350.67,"topics":[],"words":[{"text":"The","start":1340.43,"end":1340.55},{"text":"report","start":1340.59,"end":1341.07},{"text":"argues","start":1341.07,"end":1341.51},{"text":"that","start":1341.51,"end":1341.79},{"text":"a","start":1341.87,"end":1341.91},{"text":"sovereign,","start":1341.91,"end":1342.39},{"text":"independent","start":1342.39,"end":1343.07},{"text":"Palestinian","start":1343.07,"end":1343.79},{"text":"state,","start":1343.79,"end":1344.11},{"text":"as","start":1344.11,"end":1344.35},{"text":"called","start":1344.35,"end":1344.71},{"text":"for","start":1344.71,"end":1345.15},{"text":"by","start":1345.23,"end":1345.39},{"text":"United","start":1345.39,"end":1345.79},{"text":"Nations","start":1345.79,"end":1346.15},{"text":"resolutions,","start":1346.15,"end":1346.83},{"text":"is","start":1347.31,"end":1347.47},{"text":"a","start":1347.47,"end":1347.55},{"text":"precondition","start":1347.55,"end":1348.35},{"text":"for","start":1348.59,"end":1348.95},{"text":"regional","start":1348.95,"end":1349.39},{"text":"and","start":1349.47,"end":1349.67},{"text":"global","start":1349.67,"end":1350.11},{"text":"peace.","start":1350.11,"end":1350.67}]},{"text":"But that state cannot be built on a collapsed economy.","start":1351.31,"end":1354.35,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"But","start":1351.31,"end":1351.55},{"text":"that","start":1351.55,"end":1351.87},{"text":"state","start":1351.87,"end":1352.23},{"text":"cannot","start":1352.23,"end":1352.51},{"text":"be","start":1352.51,"end":1352.67},{"text":"built","start":1352.67,"end":1352.99},{"text":"on","start":1352.99,"end":1353.11},{"text":"a","start":1353.11,"end":1353.15},{"text":"collapsed","start":1353.15,"end":1353.79},{"text":"economy.","start":1353.83,"end":1354.35}]},{"text":"That is the core message of this report.","start":1354.75,"end":1357.23,"topics":[],"words":[{"text":"That","start":1354.75,"end":1354.99},{"text":"is","start":1354.99,"end":1355.19},{"text":"the","start":1355.19,"end":1355.39},{"text":"core","start":1355.47,"end":1355.83},{"text":"message","start":1355.83,"end":1356.23},{"text":"of","start":1356.43,"end":1356.59},{"text":"this","start":1356.59,"end":1356.83},{"text":"report.","start":1356.83,"end":1357.23}]},{"text":"I thank you.","start":1358.27,"end":1359.07,"topics":[],"words":[{"text":"I","start":1358.27,"end":1358.43},{"text":"thank","start":1358.59,"end":1358.91},{"text":"you.","start":1358.91,"end":1359.07}]}]}],"speaker":{"affiliation":"UNCTAD","group":null,"function":null,"affiliation_full":"UNCTAD"}},{"statement_number":5,"start":1363.07,"pageUrl":"/zh/asset/k1k/k1kfjy2mck?lang=en&t=22:44","paragraphs":[{"sentences":[{"text":"Thank you.","start":1363.07,"end":1363.39,"topics":[],"words":[{"text":"Thank","start":1363.07,"end":1363.31},{"text":"you.","start":1363.31,"end":1363.39}]},{"text":"Thank you very much for this very comprehensive overview of the report and the context, of course, for the economic analysis, which is the main focus of the report presented today.","start":1363.39,"end":1375.71,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. 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Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"It","start":1509.75,"end":1509.83},{"text":"has","start":1509.83,"end":1510.07},{"text":"been","start":1510.07,"end":1510.31},{"text":"actually","start":1510.31,"end":1510.95},{"text":"very","start":1511.43,"end":1511.75},{"text":"low","start":1511.75,"end":1511.91},{"text":"in","start":1511.91,"end":1513.11},{"text":"recent","start":1513.11,"end":1513.51},{"text":"years.","start":1513.51,"end":1513.83}]},{"text":"And Israel has stopped transferring the Palestinian fiscal revenue to the government.","start":1514.55,"end":1520.59,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. 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Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"That","start":1520.59,"end":1520.83},{"text":"is","start":1520.83,"end":1520.95},{"text":"about","start":1520.95,"end":1521.23},{"text":"two-thirds","start":1521.23,"end":1521.79},{"text":"of","start":1521.79,"end":1521.91},{"text":"its","start":1521.91,"end":1522.31},{"text":"fiscal","start":1522.31,"end":1522.63},{"text":"revenue.","start":1522.63,"end":1523.11}]},{"text":"Also, the fiscal revenues have decreased drastically.","start":1523.67,"end":1528.23,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. 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The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"because","start":1528.71,"end":1529.35},{"text":"economic","start":1529.39,"end":1529.75},{"text":"activity","start":1529.75,"end":1530.31},{"text":"has","start":1530.31,"end":1530.47},{"text":"decreased","start":1530.47,"end":1531.35},{"text":"drastically.","start":1531.35,"end":1532.03}]},{"text":"I said like GDP is now down 20% compared to 2022.","start":1532.03,"end":1537.19,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."}],"words":[{"text":"I","start":1532.03,"end":1532.07},{"text":"said","start":1532.07,"end":1532.39},{"text":"like","start":1532.39,"end":1532.59},{"text":"GDP","start":1532.59,"end":1533.35},{"text":"is","start":1533.83,"end":1533.99},{"text":"now","start":1533.99,"end":1534.39},{"text":"down","start":1534.71,"end":1535.11},{"text":"20%","start":1535.11,"end":1535.15},{"text":"compared","start":1535.15,"end":1536.27},{"text":"to","start":1536.27,"end":1536.47},{"text":"2022.","start":1536.47,"end":1537.19}]},{"text":"So if your economy shrinks, then your tax revenue shrinks.","start":1537.19,"end":1540.79,"topics":[],"words":[{"text":"So","start":1537.19,"end":1537.43},{"text":"if","start":1537.51,"end":1537.75},{"text":"your","start":1537.75,"end":1537.95},{"text":"economy","start":1537.95,"end":1538.31},{"text":"shrinks,","start":1538.31,"end":1538.67},{"text":"then","start":1538.67,"end":1538.87},{"text":"your","start":1538.87,"end":1539.03},{"text":"tax","start":1539.03,"end":1539.35},{"text":"revenue","start":1539.35,"end":1539.91},{"text":"shrinks.","start":1540.23,"end":1540.79}]},{"text":"And at the same time, the pressure to provide support for the poor and for the war injured and to rebuild whatever vital infrastructure that has been destroyed increases.","start":1540.95,"end":1554.23,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. 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Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"So","start":1554.23,"end":1554.39},{"text":"you","start":1554.39,"end":1554.47},{"text":"get","start":1554.47,"end":1554.67},{"text":"the","start":1554.67,"end":1554.75},{"text":"pressure","start":1554.75,"end":1555.19},{"text":"from","start":1555.19,"end":1555.51},{"text":"both","start":1555.51,"end":1555.79},{"text":"the","start":1555.83,"end":1555.99},{"text":"revenue","start":1556.67,"end":1557.07},{"text":"side","start":1557.07,"end":1557.47},{"text":"and","start":1557.47,"end":1557.79},{"text":"both","start":1557.79,"end":1558.03},{"text":"from","start":1558.03,"end":1558.19},{"text":"the","start":1558.27,"end":1558.43},{"text":"expenditure","start":1558.75,"end":1559.55},{"text":"side.","start":1559.55,"end":1559.87}]},{"text":"The government has been borrowing from domestic banks.","start":1560.19,"end":1563.31,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"The","start":1560.19,"end":1560.27},{"text":"government","start":1560.27,"end":1560.71},{"text":"has","start":1560.71,"end":1560.83},{"text":"been","start":1560.83,"end":1561.23},{"text":"borrowing","start":1561.23,"end":1561.67},{"text":"from","start":1561.67,"end":1562.19},{"text":"domestic","start":1562.43,"end":1562.91},{"text":"banks.","start":1562.91,"end":1563.31}]},{"text":"It has no access to international banks.","start":1563.59,"end":1565.87,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"It","start":1563.59,"end":1563.71},{"text":"has","start":1563.71,"end":1563.87},{"text":"no","start":1563.87,"end":1564.11},{"text":"access","start":1564.11,"end":1564.51},{"text":"to","start":1564.51,"end":1564.67},{"text":"international","start":1564.67,"end":1565.47},{"text":"banks.","start":1565.47,"end":1565.87}]},{"text":"It has no currency.","start":1566.59,"end":1567.71,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. 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Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"And","start":1573.63,"end":1574.03},{"text":"it","start":1574.03,"end":1574.19},{"text":"has","start":1574.19,"end":1574.35},{"text":"been","start":1574.99,"end":1575.23},{"text":"paying","start":1575.23,"end":1575.63},{"text":"partial","start":1575.79,"end":1576.27},{"text":"salaries.","start":1576.67,"end":1578.43}]},{"text":"It has also been borrowing heavily from the pension fund.","start":1578.91,"end":1582.79,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. 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Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."}],"words":[{"text":"And","start":1614.55,"end":1614.67},{"text":"then","start":1614.67,"end":1614.91},{"text":"you","start":1614.91,"end":1614.99},{"text":"will","start":1614.99,"end":1615.11},{"text":"have","start":1615.11,"end":1615.35},{"text":"a","start":1615.35,"end":1615.43},{"text":"banking","start":1615.43,"end":1615.83},{"text":"collapse.","start":1615.83,"end":1616.47}]},{"text":"If you have a banking collapse, then the whole economy will be disrupted.","start":1616.59,"end":1620.71,"topics":[{"key":"fiscal-banking-crisis","label":"Fiscal and Banking Crisis","description":"The proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. 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Moussa Aasi, Al Mayadin TV.","start":1635.03,"end":1637.51,"topics":[],"words":[{"text":"Merci","start":1635.03,"end":1635.35},{"text":"beaucoup.","start":1635.35,"end":1635.83},{"text":"Moussa","start":1635.83,"end":1636.23},{"text":"Aasi,","start":1636.23,"end":1636.47},{"text":"Al","start":1636.47,"end":1636.55},{"text":"Mayadin","start":1636.55,"end":1636.95},{"text":"TV.","start":1636.95,"end":1637.51}]},{"text":"Je pose ma question en français pour Monsieur Pedro, mais il peut répondre en anglais s'il veut.","start":1637.51,"end":1642.35,"topics":[],"words":[{"text":"Je","start":1637.51,"end":1638.15},{"text":"pose","start":1638.15,"end":1638.31},{"text":"ma","start":1638.31,"end":1638.47},{"text":"question","start":1638.47,"end":1638.75},{"text":"en","start":1638.75,"end":1638.83},{"text":"français","start":1638.83,"end":1639.19},{"text":"pour","start":1639.19,"end":1639.35},{"text":"Monsieur","start":1639.35,"end":1639.67},{"text":"Pedro,","start":1639.67,"end":1640.23},{"text":"mais","start":1640.79,"end":1640.95},{"text":"il","start":1640.95,"end":1641.03},{"text":"peut","start":1641.03,"end":1641.19},{"text":"répondre","start":1641.19,"end":1641.55},{"text":"en","start":1641.55,"end":1641.67},{"text":"anglais","start":1641.67,"end":1641.87},{"text":"s'il","start":1641.87,"end":1642.15},{"text":"veut.","start":1642.15,"end":1642.35}]},{"text":"Ma question concernant le matériel de reconstruction pour Gaza, est-ce que depuis l'accord de Charm el-Cheikh en octobre passé, on a constaté des entrées de matériel pour reconstruire l'économie ou bien une partie de l'économie gazaouie?","start":1643.35,"end":1663.71,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. 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The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."}],"words":[{"text":"Et","start":1664.51,"end":1664.67},{"text":"aussi","start":1664.67,"end":1664.99},{"text":"donc","start":1664.99,"end":1665.19},{"text":"d'autres","start":1665.19,"end":1665.55},{"text":"secteurs,","start":1665.55,"end":1665.91},{"text":"bien","start":1665.91,"end":1666.11},{"text":"entendu,","start":1666.11,"end":1666.59},{"text":"donc","start":1666.59,"end":1666.83},{"text":"le","start":1666.83,"end":1666.99},{"text":"secteur","start":1666.99,"end":1667.47},{"text":"de","start":1668.35,"end":1668.51},{"text":"santé,","start":1668.51,"end":1668.83},{"text":"les","start":1668.83,"end":1669.03},{"text":"hôpitaux.","start":1669.03,"end":1669.47}]},{"text":"Est-ce qu'on a constaté une entrée de ce matériel ou rien du tout?","start":1669.47,"end":1675.27,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. 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I have a question in Arabic.","start":1770.75,"end":1772.15,"topics":[],"words":[{"text":"OK,","start":1770.75,"end":1771.03},{"text":"I","start":1771.03,"end":1771.07},{"text":"have","start":1771.07,"end":1771.27},{"text":"a","start":1771.27,"end":1771.43},{"text":"question","start":1771.43,"end":1771.75},{"text":"in","start":1771.75,"end":1771.83},{"text":"Arabic.","start":1771.83,"end":1772.15}]},{"text":"I'm saying from the time of the agreement in Sharm el-Sheikh, have you noticed any equipment for rebuilding the Gaza sector, whether on the economic level or on the level of hospitals?","start":1772.75,"end":1783.71,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."}],"words":[{"text":"I'm","start":1772.75,"end":1772.95},{"text":"saying","start":1772.95,"end":1773.11},{"text":"from","start":1773.11,"end":1773.31},{"text":"the","start":1773.35,"end":1773.55},{"text":"time","start":1773.55,"end":1773.79},{"text":"of","start":1773.79,"end":1773.87},{"text":"the","start":1773.87,"end":1773.99},{"text":"agreement","start":1773.99,"end":1774.59},{"text":"in","start":1774.59,"end":1774.67},{"text":"Sharm","start":1774.67,"end":1774.99},{"text":"el-Sheikh,","start":1774.99,"end":1775.47},{"text":"have","start":1776.35,"end":1776.55},{"text":"you","start":1776.59,"end":1776.67},{"text":"noticed","start":1776.83,"end":1777.07},{"text":"any","start":1777.07,"end":1777.19},{"text":"equipment","start":1777.19,"end":1777.79},{"text":"for","start":1777.79,"end":1778.11},{"text":"rebuilding","start":1778.35,"end":1778.91},{"text":"the","start":1778.91,"end":1778.99},{"text":"Gaza","start":1778.99,"end":1779.19},{"text":"sector,","start":1779.19,"end":1779.51},{"text":"whether","start":1779.51,"end":1780.27},{"text":"on","start":1780.27,"end":1780.47},{"text":"the","start":1780.47,"end":1780.67},{"text":"economic","start":1780.67,"end":1781.43},{"text":"level","start":1781.43,"end":1781.95},{"text":"or","start":1782.03,"end":1782.11},{"text":"on","start":1782.11,"end":1782.19},{"text":"the","start":1782.19,"end":1782.31},{"text":"level","start":1782.31,"end":1782.99},{"text":"of","start":1783.07,"end":1783.19},{"text":"hospitals?","start":1783.19,"end":1783.71}]},{"text":"Have you entered materials for construction into the sector?","start":1783.71,"end":1788.23,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"Have","start":1783.71,"end":1783.99},{"text":"you","start":1784.03,"end":1784.11},{"text":"entered","start":1784.23,"end":1784.59},{"text":"materials","start":1784.59,"end":1784.99},{"text":"for","start":1785.03,"end":1785.19},{"text":"construction","start":1785.19,"end":1785.79},{"text":"into","start":1785.87,"end":1786.67},{"text":"the","start":1787.15,"end":1787.31},{"text":"sector?","start":1787.99,"end":1788.23}]},{"text":"And are there any changes?","start":1788.23,"end":1789.79,"topics":[],"words":[{"text":"And","start":1788.23,"end":1788.43},{"text":"are","start":1788.51,"end":1788.59},{"text":"there","start":1788.67,"end":1788.99},{"text":"any","start":1788.99,"end":1789.31},{"text":"changes?","start":1789.31,"end":1789.79}]},{"text":"Are the United Nations, the UN, providing aid for rebuilding the economic sectors, agriculture, industry, etc.?","start":1790.07,"end":1798.67,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"Are","start":1790.07,"end":1790.19},{"text":"the","start":1790.19,"end":1790.27},{"text":"United","start":1790.35,"end":1791.71},{"text":"Nations,","start":1792.19,"end":1792.43},{"text":"the","start":1792.43,"end":1792.59},{"text":"UN,","start":1792.71,"end":1792.99},{"text":"providing","start":1793.87,"end":1794.43},{"text":"aid","start":1794.43,"end":1794.51},{"text":"for","start":1794.51,"end":1794.63},{"text":"rebuilding","start":1794.63,"end":1795.23},{"text":"the","start":1795.23,"end":1795.47},{"text":"economic","start":1795.47,"end":1796.11},{"text":"sectors,","start":1796.11,"end":1796.83},{"text":"agriculture,","start":1796.83,"end":1797.27},{"text":"industry,","start":1797.31,"end":1797.91},{"text":"etc.?","start":1797.95,"end":1798.67}]}]}],"speaker":{"affiliation":"Al Mayadin TV","group":null,"function":"Journalist","affiliation_full":"Al Mayadin TV"}},{"statement_number":16,"start":1805.03,"pageUrl":"/zh/asset/k1k/k1kfjy2mck?lang=en&t=30:06","paragraphs":[{"sentences":[{"text":"The entry of reconstruction materials to Gaza is still severely restricted, and now entry of materials is limited to basic humanitarian needs.","start":1805.03,"end":1818.63,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"The","start":1805.03,"end":1805.15},{"text":"entry","start":1805.67,"end":1806.31},{"text":"of","start":1806.55,"end":1806.79},{"text":"reconstruction","start":1806.87,"end":1807.99},{"text":"materials","start":1807.99,"end":1808.71},{"text":"to","start":1808.71,"end":1808.91},{"text":"Gaza","start":1808.91,"end":1809.35},{"text":"is","start":1809.39,"end":1809.63},{"text":"still","start":1809.63,"end":1810.07},{"text":"severely","start":1810.07,"end":1810.71},{"text":"restricted,","start":1810.75,"end":1811.43},{"text":"and","start":1812.23,"end":1812.71},{"text":"now","start":1813.35,"end":1813.67},{"text":"entry","start":1814.87,"end":1815.35},{"text":"of","start":1815.35,"end":1815.59},{"text":"materials","start":1815.59,"end":1816.23},{"text":"is","start":1816.23,"end":1816.47},{"text":"limited","start":1816.47,"end":1816.87},{"text":"to","start":1816.87,"end":1817.11},{"text":"basic","start":1817.11,"end":1817.47},{"text":"humanitarian","start":1817.47,"end":1818.27},{"text":"needs.","start":1818.27,"end":1818.63}]},{"text":"So the needs are vast, and whatever is allowed in is far from sufficient, and that situation continues.","start":1818.95,"end":1828.15,"topics":[{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"So","start":1818.95,"end":1819.27},{"text":"the","start":1819.67,"end":1819.79},{"text":"needs","start":1819.79,"end":1820.15},{"text":"are","start":1820.15,"end":1820.39},{"text":"vast,","start":1820.39,"end":1820.87},{"text":"and","start":1820.87,"end":1821.19},{"text":"whatever","start":1821.51,"end":1822.03},{"text":"is","start":1822.03,"end":1822.15},{"text":"allowed","start":1822.15,"end":1822.55},{"text":"in","start":1822.55,"end":1822.79},{"text":"is","start":1822.87,"end":1823.35},{"text":"far","start":1823.35,"end":1823.75},{"text":"from","start":1824.15,"end":1824.39},{"text":"sufficient,","start":1824.39,"end":1825.03},{"text":"and","start":1825.27,"end":1825.39},{"text":"that","start":1825.39,"end":1825.55},{"text":"situation","start":1825.55,"end":1826.23},{"text":"continues.","start":1827.43,"end":1828.15}]},{"text":"UNICTAD has been working within its mandate to provide advisory services to the Palestinian government, to the private sector, to the civil society, also working on crystallizing international consensus on the development needs of the Palestinian people.","start":1828.71,"end":1847.47,"topics":[],"words":[{"text":"UNICTAD","start":1828.71,"end":1829.79},{"text":"has","start":1829.79,"end":1829.91},{"text":"been","start":1829.91,"end":1830.11},{"text":"working","start":1830.19,"end":1830.59},{"text":"within","start":1830.59,"end":1830.91},{"text":"its","start":1830.91,"end":1831.07},{"text":"mandate","start":1831.07,"end":1831.59},{"text":"to","start":1831.59,"end":1831.95},{"text":"provide","start":1831.95,"end":1832.67},{"text":"advisory","start":1833.11,"end":1833.71},{"text":"services","start":1833.71,"end":1834.35},{"text":"to","start":1834.35,"end":1834.75},{"text":"the","start":1834.75,"end":1834.91},{"text":"Palestinian","start":1834.91,"end":1835.39},{"text":"government,","start":1835.39,"end":1835.87},{"text":"to","start":1835.87,"end":1835.95},{"text":"the","start":1835.95,"end":1836.03},{"text":"private","start":1836.03,"end":1836.47},{"text":"sector,","start":1836.47,"end":1836.99},{"text":"to","start":1837.79,"end":1837.95},{"text":"the","start":1838.07,"end":1838.15},{"text":"civil","start":1838.35,"end":1838.83},{"text":"society,","start":1838.83,"end":1839.47},{"text":"also","start":1839.47,"end":1840.19},{"text":"working","start":1840.19,"end":1840.67},{"text":"on","start":1840.67,"end":1840.99},{"text":"crystallizing","start":1841.95,"end":1842.63},{"text":"international","start":1842.63,"end":1843.23},{"text":"consensus","start":1843.23,"end":1843.95},{"text":"on","start":1843.95,"end":1844.11},{"text":"the","start":1844.11,"end":1844.19},{"text":"development","start":1844.27,"end":1844.95},{"text":"needs","start":1844.99,"end":1845.55},{"text":"of","start":1846.11,"end":1846.19},{"text":"the","start":1846.19,"end":1846.35},{"text":"Palestinian","start":1846.51,"end":1847.11},{"text":"people.","start":1847.15,"end":1847.47}]},{"text":"It has also joined the Multi-Trust Fund for the redevelopment and reconstruction of the occupied Palestinian territory.","start":1847.47,"end":1856.91,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"It","start":1847.47,"end":1847.67},{"text":"has","start":1847.67,"end":1847.95},{"text":"also","start":1848.19,"end":1848.75},{"text":"joined","start":1849.71,"end":1850.07},{"text":"the","start":1850.07,"end":1850.19},{"text":"Multi-Trust","start":1850.19,"end":1851.07},{"text":"Fund","start":1851.07,"end":1851.39},{"text":"for","start":1851.39,"end":1851.63},{"text":"the","start":1851.63,"end":1851.75},{"text":"redevelopment","start":1851.79,"end":1852.59},{"text":"and","start":1852.59,"end":1852.71},{"text":"reconstruction","start":1852.71,"end":1853.55},{"text":"of","start":1854.15,"end":1854.35},{"text":"the","start":1855.07,"end":1855.19},{"text":"occupied","start":1855.19,"end":1855.63},{"text":"Palestinian","start":1855.63,"end":1856.27},{"text":"territory.","start":1856.27,"end":1856.91}]},{"text":"It's members of that trust fund are United Nation agencies in the field in Palestine, also the World Bank and other important institutions who are part of that.","start":1857.31,"end":1868.43,"topics":[],"words":[{"text":"It's","start":1857.31,"end":1857.87},{"text":"members","start":1858.67,"end":1859.23},{"text":"of","start":1859.23,"end":1859.39},{"text":"that","start":1859.39,"end":1859.79},{"text":"trust","start":1859.87,"end":1860.23},{"text":"fund","start":1860.23,"end":1860.51},{"text":"are","start":1860.51,"end":1860.75},{"text":"United","start":1860.75,"end":1861.15},{"text":"Nation","start":1861.15,"end":1861.79},{"text":"agencies","start":1862.19,"end":1862.75},{"text":"in","start":1862.75,"end":1862.87},{"text":"the","start":1862.87,"end":1862.99},{"text":"field","start":1862.99,"end":1863.31},{"text":"in","start":1863.31,"end":1863.47},{"text":"Palestine,","start":1863.47,"end":1864.19},{"text":"also","start":1864.19,"end":1864.47},{"text":"the","start":1864.51,"end":1864.59},{"text":"World","start":1864.59,"end":1864.87},{"text":"Bank","start":1864.87,"end":1865.19},{"text":"and","start":1865.19,"end":1865.43},{"text":"other","start":1865.43,"end":1865.87},{"text":"important","start":1865.95,"end":1866.67},{"text":"institutions","start":1866.75,"end":1867.55},{"text":"who","start":1867.55,"end":1867.63},{"text":"are","start":1867.63,"end":1867.71},{"text":"part","start":1867.71,"end":1868.03},{"text":"of","start":1868.03,"end":1868.19},{"text":"that.","start":1868.19,"end":1868.43}]},{"text":"But of course, for reconstruction to start, there are preconditions.","start":1869.07,"end":1873.67,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"But","start":1869.07,"end":1869.35},{"text":"of","start":1869.35,"end":1869.47},{"text":"course,","start":1869.47,"end":1869.71},{"text":"for","start":1869.71,"end":1869.91},{"text":"reconstruction","start":1869.91,"end":1870.71},{"text":"to","start":1870.71,"end":1870.83},{"text":"start,","start":1870.83,"end":1871.87},{"text":"there","start":1872.27,"end":1872.75},{"text":"are","start":1872.75,"end":1872.83},{"text":"preconditions.","start":1872.83,"end":1873.67}]},{"text":"The first condition is peace and sustainable ceasefire and enabling political and security conditions and financing.","start":1873.67,"end":1883.07,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."}],"words":[{"text":"The","start":1873.67,"end":1873.79},{"text":"first","start":1873.79,"end":1874.27},{"text":"condition","start":1874.27,"end":1874.75},{"text":"is","start":1874.75,"end":1875.07},{"text":"peace","start":1875.07,"end":1875.55},{"text":"and","start":1875.55,"end":1875.87},{"text":"sustainable","start":1875.95,"end":1876.99},{"text":"ceasefire","start":1876.99,"end":1878.19},{"text":"and","start":1878.27,"end":1878.67},{"text":"enabling","start":1878.71,"end":1879.23},{"text":"political","start":1879.75,"end":1880.27},{"text":"and","start":1880.27,"end":1880.43},{"text":"security","start":1880.43,"end":1880.95},{"text":"conditions","start":1880.95,"end":1881.63},{"text":"and","start":1882.19,"end":1882.35},{"text":"financing.","start":1882.35,"end":1883.07}]},{"text":"But we are already working on plans for how to proceed for rebuilding the Palestinian economy.","start":1883.51,"end":1893.83,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."}],"words":[{"text":"But","start":1883.51,"end":1883.83},{"text":"we","start":1883.83,"end":1883.95},{"text":"are","start":1883.95,"end":1884.39},{"text":"already","start":1884.55,"end":1885.19},{"text":"working","start":1885.19,"end":1885.67},{"text":"on","start":1885.67,"end":1885.99},{"text":"plans","start":1886.39,"end":1887.03},{"text":"for","start":1887.67,"end":1888.39},{"text":"how","start":1889.75,"end":1890.15},{"text":"to","start":1890.15,"end":1890.31},{"text":"proceed","start":1890.31,"end":1890.83},{"text":"for","start":1891.35,"end":1891.87},{"text":"rebuilding","start":1891.87,"end":1892.39},{"text":"the","start":1892.39,"end":1892.51},{"text":"Palestinian","start":1892.51,"end":1893.27},{"text":"economy.","start":1893.31,"end":1893.83}]},{"text":"For example, in our latest report to the General Assembly, which will be released soon, we talk in details about the best way to proceed in rebuilding Gaza.","start":1894.31,"end":1905.83,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. 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following.","start":1931.67,"end":1933.99,"topics":[],"words":[{"text":"And","start":1931.67,"end":1931.95},{"text":"his","start":1931.95,"end":1932.15},{"text":"question","start":1932.23,"end":1932.71},{"text":"is","start":1932.71,"end":1933.03},{"text":"the","start":1933.35,"end":1933.51},{"text":"following.","start":1933.51,"end":1933.99}]},{"text":"How can the economy even grow by 34% with 94% of the population in Gaza unemployed, what kind of economy is left in Gaza?","start":1933.99,"end":1945.79,"topics":[{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. 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I'm Dina Abi Saab.","start":2051.67,"end":2055.11,"topics":[],"words":[{"text":"Yes,","start":2051.67,"end":2052.07},{"text":"thank","start":2052.39,"end":2052.71},{"text":"you,","start":2052.71,"end":2052.87},{"text":"Marcelo.","start":2052.87,"end":2053.51},{"text":"I'm","start":2053.59,"end":2053.91},{"text":"Dina","start":2053.99,"end":2054.43},{"text":"Abi","start":2054.43,"end":2054.63},{"text":"Saab.","start":2054.63,"end":2055.11}]},{"text":"I'm the president of Akano, and I would like to, not to ask a direct question to Mr. 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this report is being handled.","start":2063.83,"end":2068.95,"topics":[],"words":[{"text":"I","start":2063.83,"end":2063.99},{"text":"just","start":2063.99,"end":2064.27},{"text":"want","start":2064.27,"end":2064.43},{"text":"to","start":2064.43,"end":2064.55},{"text":"say","start":2064.55,"end":2064.79},{"text":"that","start":2064.79,"end":2065.03},{"text":"I'm","start":2065.03,"end":2065.27},{"text":"concerned","start":2065.27,"end":2065.91},{"text":"about","start":2065.91,"end":2066.19},{"text":"the","start":2066.23,"end":2066.31},{"text":"way","start":2066.31,"end":2066.71},{"text":"this","start":2066.71,"end":2067.11},{"text":"report","start":2067.35,"end":2067.91},{"text":"is","start":2067.91,"end":2068.07},{"text":"being","start":2068.07,"end":2068.31},{"text":"handled.","start":2068.31,"end":2068.95}]},{"text":"It was already presented to UNCTAD's Trade and Development Board on 15 September during a session which many countries spoke, so it's difficult to understand why it is 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journalists, for ACANU journalists, we had a discussion.","start":2089.03,"end":2092.79,"topics":[],"words":[{"text":"For","start":2089.03,"end":2089.51},{"text":"journalists,","start":2089.51,"end":2090.15},{"text":"for","start":2090.15,"end":2090.31},{"text":"ACANU","start":2090.31,"end":2090.99},{"text":"journalists,","start":2090.99,"end":2091.51},{"text":"we","start":2091.51,"end":2091.59},{"text":"had","start":2091.59,"end":2091.87},{"text":"a","start":2091.87,"end":2091.91},{"text":"discussion.","start":2091.91,"end":2092.79}]},{"text":"And let me just summarize that this leaves this little genuinely newsworthy to report, especially as some colleagues have already covered the 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addition, yesterday's e-mail, and I sent you an e-mail about this, did not clearly explain how journalists could access the full 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This lack of clarity combined with the timing of the embargoed release is actually frustrating and undermine an effective media 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opportunity.","start":2147.47,"end":2150.75,"topics":[],"words":[{"text":"Thank","start":2147.47,"end":2147.95},{"text":"you","start":2147.95,"end":2148.03},{"text":"very","start":2148.03,"end":2148.43},{"text":"much","start":2148.43,"end":2148.91},{"text":"for","start":2148.91,"end":2149.11},{"text":"giving","start":2149.11,"end":2149.43},{"text":"me","start":2149.43,"end":2149.67},{"text":"an","start":2149.67,"end":2149.79},{"text":"opportunity.","start":2149.79,"end":2150.75}]},{"text":"I have about three questions.","start":2150.75,"end":2152.75,"topics":[],"words":[{"text":"I","start":2150.75,"end":2150.83},{"text":"have","start":2150.83,"end":2151.15},{"text":"about","start":2151.23,"end":2151.67},{"text":"three","start":2151.67,"end":2151.87},{"text":"questions.","start":2151.87,"end":2152.75}]},{"text":"To start with, my question goes directly to Mr. Pedro.","start":2153.39,"end":2156.99,"topics":[],"words":[{"text":"To","start":2153.39,"end":2153.51},{"text":"start","start":2153.55,"end":2153.95},{"text":"with,","start":2153.95,"end":2154.15},{"text":"my","start":2154.19,"end":2154.43},{"text":"question","start":2154.43,"end":2154.99},{"text":"goes","start":2154.99,"end":2155.47},{"text":"directly","start":2155.47,"end":2156.03},{"text":"to","start":2156.03,"end":2156.15},{"text":"Mr.","start":2156.15,"end":2156.47},{"text":"Pedro.","start":2156.47,"end":2156.99}]},{"text":"Does UNCTAD recognize that Palestine suffered a genocide of historic proportions, where the entire society has been destroyed by one country, 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UNTAD argues or calls for Israel to bear the costs for the reconstruction of Palestine, since it has single-handedly destroyed the country and continues to destroy the country even to date?","start":2173.59,"end":2194.63,"topics":[{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. 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third question is, Though you have said that it has nothing to do with the Board of Construction, the timing of your press conference and the revealing of the report, as my colleague, the President, has very clearly pointed out, that it seems to be linked with some kind of ulterior purposes instead of doing things at the time and on which, at the time in which they are supposed to be done and they are being hidden for a very long 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this is not a change of procedure.","start":2420.23,"end":2424.75,"topics":[],"words":[{"text":"So","start":2420.23,"end":2420.55},{"text":"this","start":2420.55,"end":2420.71},{"text":"is","start":2420.71,"end":2420.83},{"text":"not","start":2420.83,"end":2421.23},{"text":"a","start":2421.23,"end":2421.31},{"text":"change","start":2421.87,"end":2422.43},{"text":"of","start":2422.43,"end":2422.91},{"text":"procedure.","start":2424.03,"end":2424.75}]},{"text":"So this is a very, and it's fact-based.","start":2425.47,"end":2428.91,"topics":[],"words":[{"text":"So","start":2425.47,"end":2425.87},{"text":"this","start":2426.43,"end":2426.67},{"text":"is","start":2426.67,"end":2426.79},{"text":"a","start":2426.79,"end":2426.83},{"text":"very,","start":2426.83,"end":2427.23},{"text":"and","start":2427.67,"end":2427.83},{"text":"it's","start":2427.83,"end":2428.19},{"text":"fact-based.","start":2428.19,"end":2428.91}]},{"text":"We booked the 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proceeding highlighted the severe fiscal crisis facing the Palestinian government, including withheld revenues, weak tax intake, partial salary payments, and heavy borrowing. Several statements warned that these pressures could spread into the banking sector and trigger a broader systemic economic collapse."},{"key":"gaza-economic-collapse","label":"Gaza Economic Collapse","description":"Speakers repeatedly described Gaza as experiencing an unprecedented economic collapse, with massive destruction of businesses, extreme unemployment, a sharp fall in GDP per capita, and soaring prices. The discussion framed this as the deepest recorded crisis for an economy in conflict settings."},{"key":"public-services-damage","label":"Damage to Public Services","description":"Speakers repeatedly addressed the collapse or severe weakening of essential services such as healthcare, education, and sanitation. The destruction of schools and hospitals, together with fiscal stress, was presented as a direct threat to human development and future recovery."},{"key":"reconstruction-recovery","label":"Reconstruction and Recovery","description":"A major focus was the scale of rebuilding needed in Gaza and the wider occupied Palestinian territory, including the estimate of $71.5 billion for recovery and reconstruction. Speakers also stressed that rebuilding must restore productive capacity, jobs, markets, and basic infrastructure, not only physical structures."},{"key":"international-aid-support","label":"International Aid and Financing","description":"Another recurring topic was the need for stronger international financial support, including humanitarian aid, budgetary assistance, and development financing. Speakers noted that aid flows and reconstruction materials remain insufficient, while recovery will require sustained external support and enabling conditions."},{"key":"occupation-economic-constraints","label":"Occupation-Related Economic Constraints","description":"The report presentation linked the Palestinian economic crisis to long-term structural constraints associated with the occupation, especially in the West Bank. These included settlements, restrictions on movement, demolitions, and loss of land and natural resources, all of which were described as undermining development prospects."}]}}