(Jerusalem, Israel) — “Days before the US-sponsored Bahrain conference [June 25-26], the White House released its proposal to boost the Palestinian economy by offering a $50 billion aid package that can only be implemented through an Israeli-Palestinian peace agreement,” reported the Times of Israel.
“The 40-page plan which Senior Adviser Jared Kushner will push in Manama next week, rests on three initiatives, according to the document — to ‘unleash the economic potential’ of the Palestinians, ’empower the Palestinians to realize their ambitions,’ and ‘enhance Palestinian governance,'” the Times noted….
“The plan — formally dubbed ‘Peace To Prosperity’ — said that the economic package, if implemented, would double the Palestinians’ gross domestic product, create more than one million jobs in the territories, reduce Palestinian unemployment to single digits (it was 31 percent in 2018, according to the World Bank), and cut the poverty rate by 50%…..The $50 billion would be divided through $26 billion in loans, $13.5 billion in grants and $11 billion in private investment. The proposal does include a number of specific projects, including border crossing updates, power plant upgrades, infrastructure improvements to boost tourism, career counseling and job placement service, and re-building and modernizing Palestinian hospitals and health clinics.”
I’ll provide an analysis of the plan later.
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