Trump’s Mideast peace plan hinges on $50B investment, offers Palestinians deal of ‘the century’
President Trump’s plan for peace between the Israelis and Palestinians will be presented Tuesday in Bahrain, as part of what the White House calls an “opportunity of the century” nearly two years in the making.
The “Peace to Prosperity” venture, which was rolled out over the weekend and is being officially proposed in Manama during a two-day workshop, seeks to raise about $50 billion. The plan offers “an ambitious, achievable vision and framework for a prosperous future for the Palestinian people and the region,” according to a White House statement.
The administration’s team -- led by senior White House adviser Jared Kushner; Jason Greenblatt, U.S. envoy for international negotiations; and David Friedman, U.S. ambassador to Israel -- has developed a detailed portfolio of projects to stimulate economic growth with the aim of doubling the Palestinian GDP and creating more than 1 million new jobs as well as reducing poverty and unemployment rates, Fox News has learned.
The plan is being likened to a Marshall Plan for Palestinians and the broader region. The Marshall Plan invested billions of dollars to shore up the economies of Western Europe following the end of World War II.
A senior White House official, speaking on background, said the Bahrain workshop is an “opportunity of the century,” for the Palestinians and the region.
The $50 billion would be raised with $15 billion in grants, $25 billion in low-interest loans and $11 billion in private capital.
$50 billion is like $10,000 per pal, a lot of money even if half of it haPost too long. Click here to view the full text.