Jason Furman, Chairman of the Council of Economic Advisers, Visits Jerusalem

Chairman Jason Furman visited Jerusalem and the West Bank to discuss the U.S. and global economies after speaking at the 2014 Globes Business Conference in Tel Aviv over the weekend.   On his trip to the West Bank, Furman met with senior Palestinian Authority officials, private sector leaders, and students.  During his visit, the Chairman emphasized continued U.S. Government support for Palestinian development and economic growth.

He met with Prime Minister Rami Hamdallah, Governor of the Palestinian Monetary Authority (PMA) Jihad Al-Wazir, and Minister of Finance Shukri Bashara to discuss the state of the economy and fiscal issues.  Furman commended the PMA for creating a stable macroeconomic climate in the West Bank despite political tensions.  He praised the banking sector for supporting the growth of small and medium enterprises as part of the continued effort to strengthen the economy while building a vibrant private sector.

Furman delivered a speech at the Palestinian Economic Policy Research Institute (MAS), led by Director General Dr. Nabeel Kassis.  His speech focused on trends in the global economy, factors driving those trends, and the importance of ensuring that economic growth is sustainable and shared.  Furman also discussed how developing economies fit into this framework and noted how creative economic strategies and business partnerships are being used to finance housing, solar energy, and business growth in the West Bank.

For more information please contact the U.S. Consulate General’s Press Office at 02-622-6908 or 02-622-6909 or Hassna Dajani at 054-6620257.