Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
(AP) - PALESTINIAN ECONOMIC PAIN: The World Bank said that Palestinians could expand their struggling economy by a third and slash their budget deficit in half if Israel allowed them to use West Bank territory that is now largely off-limits.
POLITICAL REALITIES: Israeli Foreign Ministry spokesman Yigal Palmor said most of the issues raised by the World Bank are to be settled in ongoing Israeli-Palestinian negotiations. Developing the Palestinian economy is in Israel's strategic interest, but is "related to questions of security."
THE TERRITORY: Israel controls about 61 percent of the West Bank, or Area C, as well as security and crossings in and out of the area. Palestinians administer the rest of the West Bank.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)