White House finally unveils ‘Peace to Prosperity’ economic plan for Palestinians

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Title : White House finally unveils ‘Peace to Prosperity’ economic plan for Palestinians
Link : White House finally unveils ‘Peace to Prosperity’ economic plan for Palestinians

WASHINGTON — Days before the US-sponsored Bahrain conference, 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.

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.”

Neither Israeli officials nor Palestinians will be attending the confab. Palestinians have refused to participate, or engage at all with the Trump administration since it moved the US embassy to Jerusalem. Israeli officials and ministers were not invited, though a business delegation will be attending.

A senior administration official told The Times of Israel that they wanted the focus of the gathering to be “on the economic aspect, not the political.”

Arab nations such as Egypt, Jordan, United Arab Emirates, Qatar and Saudi Arabia have all said they would participate in the conference.

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 Palestinian poverty rate by 50%. READ MORE