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(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%.2019-06-24 00:00:00Full Article
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%.2019-06-24 00:00:00Full Article
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