US peace plan aims to raise $50b, double Palestinian GDP

 

US peace plan aims to raise $50b, double Palestinian GDP

Washington - President Donald Trump's administration said the initiative will look at reforming the Palestinian economy.

By AFP

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Published: Sat 22 Jun 2019, 11:25 PM

Last updated: Sun 23 Jun 2019, 1:29 AM

The United States said on Saturday that its Middle East peace plan to be presented next week in Bahrain aims to raise more than $50 billion for the Palestinians and double their GDP within a decade.
Unveiling details for the first time, President Donald Trump's administration said the initiative will look at reforming the Palestinian economy and linking it to those of its neighbours, seeking to generate major international investment.
But the Palestinian Authority is boycotting the so-called Peace to Prosperity workshop, charging that the unabashedly pro-Israel Trump is seeking to buy off the Palestinians and deprive them of an independent state.
The White House cast the plan as historic.



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