Here's an early look at Jared Kushner's Middle East peace plan
President Trump's senior adviser and son-in-law Jared Kushner is set to unveil his "peace to prosperity" plan at an international conference in Bahrain next week. But Reuters got an early look at the economic half of the Trump administration's effort to find a solution to the Israeli-Palestinian peace process. Here are the key elements of the plan which can only take place if a political solution is reached:
Economic revival — The total plan costs $50 billion with more than half going to Palestinian territories over ten years. The rest would be split between Egypt, Lebanon, and Jordan.
Tourism — Nearly a billion dollars are allocated for Palestine's tourism industry specifically. Though Reuters points out that the tenuous security situation in the West Bank might mean that part of the plan is impractical — at least, that is, until a political solution is reached.
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Travel corridor — Kushner's proposed investment fund would be administered by a "multilateral development bank," which would reportedly launch a signature project to construct a travel corridor for Palestinian use that would cross Israel to link the West Bank and Gaza, including a highway and, possibly, a rail line.
Kushner is optimistic about the plan, which he says would create a million jobs in the West Bank and Gaza, but the Palestinians have criticized it, and, Reuters reports, most foreign investors will likely steer clear for now. Read more at Reuters.
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Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
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