“Kerry unveils $4 billion Palestinian economic plan,” ran the headline in the Jerusalem Post. Well, sort of; the veil still hasn’t been lifted on where the funds will be coming from, or how they will be administered, and who will do the administering. U.S. Secretary of State John Kerry announced the $4 billion “investment” in Palestine at the “Breaking the Impasse in the Middle East” conference of the World Economic Forum (WEF), held in Jordan by the Dead Sea on Sunday, May 26.
“The plan for the Palestinian economy is bigger and bolder and more ambitious than anything proposed since Oslo more than 20 years ago,” Secretary Kerry said, referring to the Oslo Accords, which were hammered out in the Norwegian capital two decades ago. According to the Oslo plan, Gaza and the West Bank would evolve into an independent Palestinian state within five years. However, bitter rivalry between the PLO and Hamas resulted in a PLO regime in charge of the West Bank and Hamas in control of Gaza. Israeli troops occupy the West Bank and patrol the boundary of the Gaza Strip.
Kerry told the hundreds of assembled millionaires and billionaires at the WEF confab that “we are looking to mobilize some $4 billion of investment” for targeted “opportunities in tourism, construction, light manufacturing, building materials, energy, agriculture, and information and communications technology.”
According to Kerry, unidentified “experts” have put together a program that will transform the Palestinian territories. “These experts believe that we can increase the Palestinian GDP by as much as 50 percent over three years,” Kerry declared. “Their most optimistic estimates foresee enough new jobs to cut unemployment by nearly two-thirds — to 8 percent, down from 21 percent today — and to increase the median annual wage along with it, by as much as 40 percent.”
The WEF investment plan has been put together by a team of undisclosed “experts” led by former British Prime Minister Tony Blair. A May 27 story in the U.K.’s Daily Mail carried the headline:
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Photo of John Kerry (center), Shimon Peres (left), and Palestinian President Mahmoud Abbas: AP Images