The Palestine Monetary Authority has kept cash flowing to a besieged population struggling to survive in a devastated economy. Gaza's 45 bank branches have been mostly closed during the nearly month-long conflict, with working ATMs depending on the availability of generator fuel and the daring of bank staff to maintain them.
While no one is claiming that the goals have actually been reached, indications are that the reported progress is significantly overstated. This sleight of hand is accomplished statistically by making the truly vulnerable and poor populations disappear into a larger pool of data collected on a macro scale from the better-off.
Given its position at the head of the pack of countries in the region, Hungary was expected to be the first to make the successful transition to capitalism. But today, Hungary has fallen behind many of the other countries in the region in terms of growth, employment, debt, and other economic indicators.
This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.