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News Brief

May 9, 2006
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The World Bank said Palestinian areas could soon become ungovernable because of a severe financial crisis. In a memo obtained by Reuters, the World Bank said the Palestinian Authority’s financial crisis is worse than it thought. In March, the World Bank estimated that Palestinian poverty would rise to 60 percent and unemployment to 40 percent by the end of this year. The memo was leaked ahead of Tuesday’s scheduled meeting of the diplomatic “Quartet” working to advance Israeli-Palestinian peace.

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