The results of the latest surveys of the Central Bureau of Statistics and the Monetary Authority, issued today, Tuesday, showed that the balance of international investment in Palestine at the end of the second quarter of this year amounted to $3.397 million, an increase of 2%, compared to the previous quarter.

The results indicate, according to the joint statement, that the total stocks of the Palestinian economy’s assets invested abroad amounted to 9,514 million US dollars, distributed between 3% foreign direct investment, 17% portfolio investments, 67% other investments (the most important of which are currency and deposits), and 13% reserve assets. %.

In contrast, the total balances of foreign liabilities (commitments) on the Palestinian economy (stocks of non-residents invested in Palestine) reached 53% at the end of the second quarter 2023, which is foreign direct investment.

At the sectoral level, the banking sector’s foreign investments (balances abroad, cash on hand, and portfolio investments abroad) constituted 66% of the total foreign assets of the Palestinian economy.

According to the results, 58% of the total balances of external assets of the Palestinian economy are currency and deposits, at the end of the second quarter of 2023, due to the lack of a Palestinian national currency.

In contrast, the total balances of foreign liabilities (commitments) on the Palestinian economy (the balances of non-residents invested in Palestine) amounted to about 6,117 million US dollars, distributed between 53% foreign direct investment, 13% portfolio investments, and other investments (the most important of which are loans and deposits from abroad). ) by about 34%.

At the sectoral level, foreign investments in the banking sector constituted about 35% of the total foreign liabilities on the Palestinian economy.

Preliminary results indicated that the total balance of external debt on the Palestinian economic sectors amounted to approximately $2,109 million at the end of the second quarter of 2023, a decrease of 3% compared to the previous quarter.

It was distributed between debt to the government sector at a rate of 62%, the banking sector at a rate of 35% (deposits of non-residents in banks operating in Palestine), and other sectors (non-banking financial companies, non-financial companies, private institutions, and households) at a rate of 2%, and borrowing between... Affiliate subsidiaries 1%

Source: Maan News Agency