The Palestinian Businessmen Association (PBA) has warned that 90 percent of the economic activities in the besieged Gaza Strip will grind to a halt completely as a result of the financial and humanitarian shocks that have afflicted the population especially after the US administration stopped funding UNRWA.
Head of the association Ali al-Hayek stated on Monday that thousands of Palestinian citizens in Gaza are threatened with unemployment during the current year as a result of the escalating blockade and the financial crisis that hit UNRWA.
Hayek affirmed that the unemployment rate among the refugees in Gaza would reach 65 percent by the end of 2018 if there was no clear funding program ending UNRWA’s financial crisis.
