In a report Wednesday, the World Bank said that the Palestinian Authority's banking institutions were sound, and that they were ready for independence. The Bank made the declaration based on an International Monetary Fund report, which analyzed PA banks.
The Bank said that the PA banks were capable of dealing with customers properly, and were sufficiently transparent in their transactions to enable regulators to ensure their proper performance. The report added that the PA banks had accomplished this “despite the severe limitations put on them by Israeli authorities.”