RAMALLAH- The total stocks of external assets for the Palestinian economy amounted to $9,450 million, the foreign direct investment abroad contributed to 3%, and portfolio investments abroad reached 17%, while other foreign investments abroad reached 69% and reserve assets amounted to 11%, today said the Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA).
Announcing the preliminary results of the international investment position and external debt statistics for Palestine as of the end of the third quarter of 2022, they said that the total stocks of foreign liabilities in Palestine (balances of non-residents invested in Palestine) amounted to $6,090 million, where foreign direct investment in Palestine contributed to 49%, portfolio investments in Palestine reached 15%, and other investments in Palestine (mainly loans and deposits from abroad) amounted to 36%. At the sectoral level, foreign investments in the banking sector contributed a major value in the foreign liabilities, represented by 36% of the total value of foreign liabilities in the Palestinian economy.
The gross external debt of the Palestinian economic sectors reached $2,215 million, an increase of 4% compared with the previous quarter. Debt on the government sector represented 57%, while debt on the banking sector (deposits of non-residents in banks operating in Palestine) reached 36%, and debt on other sectors (non-banking financial institutions, non-financial corporations, NGOs, and household sector) amounted to 5%, and the lending between affiliated companies reached 2%.
Source: Palestine News and Information Agency