RAMALLAH, Tuesday, March 19, 2019 (WAFA) - Investments outside Palestine outweigh investments in Palestine from abroad, a joint report by the Palestinian Central Bureau of Statistics (PCBS) and the Palestine Monetary Authority (PMA) on the preliminary results of the International Investment Position (IIP) and External Debt statistics for Palestine as of end of the fourth quarter 2018.
The net stock of the International Investment Position (IIP) amounted to $1,659 million at the end of the fourth quarter, they said.
The total stocks of External Assets for Palestinian economy amounted to $6,597 million, the Foreign Direct Investment Abroad contributed to 5%, Portfolio Investments abroad reached 22%, while Other Foreign Investments Abroad (mainly currency and deposits) reached 65% and Reserve Assets amounted to 8%.
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The total stocks of Foreign Liabilities in Palestine (stocks of non-residents invested in Palestine) amounted to $4,938 million, the Foreign Direct Investment in Palestine contributed to 55%, Portfolio Investments in Palestine reached 15% and Other Investments in Palestine (mainly loans and deposits from abroad) amounted to 30%.
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The Gross External Debt on the Palestinian economic sectors reached $1,535 million, the debt on government sector represented 67%, while debt on banks sector reached 27%, and debt on other sectors (nonbank financial corporations, non-financial corporations, NGOs and households sector) amounted to 3%, and the lending between affiliated companies reached 3%.
The International Investment Position (IIP) is an accounting sheet that records the investments stocks for the residents in Palestine (individuals, institutions and government) invested abroad under the name of assets, and compares them to the investments stocks owned by residents outside Palestine (individuals, institutions and government) invested in Palestine under the name of liabilities.
M.K.
