Current Edition About Subscribe The Jerusalem Center

Daily Alert Archive

Every Daily Alert Since 2002

Search

Search more than 90,000 news items by topic, author, or source.
Use " " to search for multiple words and phrases.

Trending Topics

June 24, 2019       Share:    

Source: https://www.politico.com/story/2019/06/22/middle-east-palestine-peace-plan-1376708

U.S. Unveils $50 Billion "Economic Vision" for Palestinians in First Part of Peace Plan

(Politico) Gabby Orr - The White House on Saturday released the first of a two-part Middle East peace plan, outlining an "economic vision" for Palestinian territories and neighboring Arab countries ahead of a diplomatic conference in Bahrain. The proposal calls for a $50 billion investment in Palestinian territories in the West Bank and Gaza from private companies and donor countries to jumpstart local economies and boost conditions in Jordan, Egypt and Lebanon, which would each receive a portion of the funds. The $50 billion would come from a mix of grants, subsidized loans and private investments, and would be put toward infrastructure projects as well as initiatives involving telecommunications, tourism and healthcare. The U.S. claims that Palestinian gross domestic product will double over the next decade if the plan is implemented, in addition to creating substantial job growth and reducing poverty by 50%.

View the full edition of Daily Alert

Back to Archive

Subscribe to Daily Alert: