Trump envoys will roll out Phase 1 of Jared Kushner's Mideast peace plan in Bahrain in late June

The Trump administration is going to start unveiling its long-promised Israeli-Palestinian peace plan at a June 25-26 economic "workshop" in Bahrain, the White House announced Sunday. The conference, involving finance ministers and business executives, is being described as Phase 1 of the peace initiative, with the second part, dealing with difficult political solutions that have thwarted earlier peace attempts, being rolled out later this year.

Treasury Secretary Steven Mnuchin will lead the U.S. delegation with Jared Kushner, President Trump's son-in-law. Kushner and Trump's Middle East envoy Jason Greenblatt have worked on the plan for two years.

The goal of June's conference is to secure tens of billions of dollars from wealthy Gulf Arab states and donors in Europe and Asia. The reported target of $68 billion would go toward infrastructure, industry, and government reform in the Palestinian territories, Jordan, Egypt, and Lebanon. "Just as they have done in their sometimes highly leveraged real estate businesses," The New York Times says, Trump and Kushner "hope to use other people's money to achieve their goals. The vast bulk of the funds they hope to generate as part of the plan would come from other nations, not the United States."

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Middle East experts cast doubt on the efficacy of putting the economic carrots in front of the political thorns. Israel, whose government has only taken a harder line against Palestinians since the last election, is expected to send its finance minister. The Palestinian Authority, which has ruled out the Trump administration acting as peace brokers due to its pro-Israel leanings and actions, is not expected to send anybody. On Sunday, a spokesman for Palestinian President Mahmoud Abbas called the conference "futile," since "any economic plan without political horizons will lead nowhere," and any political plan that doesn't "include a Palestinian state with East Jerusalem as its capital" is a nonstarter.