The Palestinian Authority’s campaign to bypass negotiations and gain recognition for an independent state received an important boost yesterday from the International Monetary Fund. The IMF issued a report about the economy in the West Bank and Gaza, which will be formally presented an international donors conference for the Palestinians next week in Brussels.
The report is a resounding endorsement of the policies enacted by Palestinian Prime Minister Salam Fayyad. The PA is “now able to conduct the sound economic policies expected of a future well-functioning Palestinian state, given its solid track record in reforms and institution-building in the public finance and financial areas,” the IMF says. Fayyad’s efforts to transform the PA from the corrupt terror state created by Yasir Arafat after the Oslo Accords has been widely praised by both Americans and Israelis. But even those who vouch for the good intentions and skill of the American-educated technocrat would have to acknowledge that he has only just begun to change the mafia-style political culture of the PA.



