Who Will Pay for Trump’s $50Bn ‘Deal of the Century’?
- Who Will Pay for Trump’s $50Bn ‘Deal of the Century’?
by https://www.aljazeera.com/news/
The White House’s economic plan to peace in the Middle East was roundly dismissed by Palestinians and many others.
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US President Donald Trump promised the “deal of the century” to bring peace between Israelis and Palestinians. But so far, not a dollar has been pledged. Trump’s son-in-law and presidential adviser, Jared Kushner, delivered an economic plan he called the “opportunity of the century”. But the proposal was roundly dismissed by Palestinians and many others.
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The plan calls for $50bn in investments over 10 years: $28bn to the Palestinian territories in Gaza and the Israeli-occupied West Bank, and the rest is to be split between Jordan, Egypt and Lebanon.
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It is hoped the money will help double the Palestinian economy, creating one million jobs in the process. That should reduce the Palestinian unemployment rate to nearly single digits, and lower the poverty rate by 50 percent.
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But who is expected to write that $50bn cheque? Kushner hoped Gulf states and private investors would see the benefit of the 179 proposed infrastructure and business projects, including a $5bn corridor to connect the West Bank and Gaza. But the plan was never going to fly without a political solution.
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Long-time campaigner Hanan Ashrawi commented on Twitter, in a response typical of the push-back against the proposal, saying: “First lift the siege of Gaza, stop the Israeli theft of our land, resources & funds, give us our freedom of movement & control over our borders, airspace, territorial waters etc. Then watch us build a vibrant prosperous economy as a free & sovereign people.”
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