The International Monetary Fund praised the Palestinian Authority for “bold reforms.”
The report Friday by the body, which seeks to promote economic stability, praises the P.A. government for freezing hiring and reducing subsidies.
P.A. Prime Minister Salam Fayyad, formerly the IMF representative to the Palestinian Authority, has pledged to cut spending in hopes of winning loans and funding as a means of shoring up the credibility of his government, considered moderate by Palestinian standards.