'Donald Trump’s long-awaited economic peace plan he hopes will resolve the decades-long Israeli-Palestinian conflict was immediately rejected by the Palestinian leadership and figures in the Arab world, who said the 96-page document was “meaningless” and impractical.
Jared Kushner, President Trump’s senior adviser and son-in-law, revealed the details of the $50bn (£39bn) “Peace to Prosperity” plan over the weekend, and is expected to formally present it to the world at a two-day conference in Bahrain starting on Tuesday.
He told Reuters that if executed it could create a million jobs in the West Bank and Gaza, reduce Palestinian poverty by half and double the Palestinians’ GDP.
It is centred around a new investment fund which earmarks over $27bn for spending in the Palestinian Territories, with the remaining $23bn split between Egypt, Lebanon and Jordan.
Among some of the 179 infrastructure and business projects outlined is a $5bn travel corridor for Palestinians between the West Bank and Gaza, and a $1bn injection of cash into the Palestinian tourism sector.
Both have been criticised for being impractical given the tough security measures in place preventing freedom of movement due to flare-ups between Israeli forces and factions within Gaza and the West Bank.
The document, which does not use the term Palestinian “state” but instead opts for “society”, has also been slammed by critics for encouraging Palestinians to “barter away” their national aspirations for economic investment.'
Read more: Palestinians instantly reject Trump’s $50 billion economic peace plan: ‘Palestine is not for sale’
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