The Palestine Chronology

The World Bank reports that the Palestinian economy is facing its worst crisis since 1994, noting that the recent growth rate of 7.7% between 2007 and 2011 is insufficient to run a state because it is overly contingent on donor aid. The report says that sustainable growth can only be met through increased trade and private sector growth, which are hampered by restrictions imposed by Israel. Separately, UN special coordinator for the Middle East peace process Robert Serry warns that the PA is facing insolvency and has been late paying government salaries because donors have failed to fulfill pledges. (WP 7/26)

IDF troops make a brief incursion into s. Gaza to level land and clear lines of sight along the border fence e. of Khan Yunis. In the West Bank, the IDF conducts late-night patrols in Jericho. Jewish settlers fr. Shilo settlement nr. Ramallah beat 4 Palestinian farmers attempting to reach their crop land nearby; the IDF observes but does not intervene. (PCHR 7/26, 8/2; OCHA 8/3)