The report attributed the slowing Palestinian economy in part to restrictions on mobility, imports, and trade imposed by Israel.
In the absence of a peace process, the AHLC has become one of the few forums in which Israeli and Palestinian officials cooperatively meet.
The move comes amid concerns of a sharp escalation in violence when Ramadan begins on March 22 and tensions between Israel and the Biden administration.
The leaders issued a joint communique, confirming their intention to widen employment opportunities for Palestinians.