News / Middle East

Kerry Hopeful on Palestinian Economic Plan

U.S. Secretary of State John Kerry (C) is joined by Israeli President Shimon Peres (L) and Palestinian President Mahmoud Abbas at the World Economic Forum on the Middle East and North Africa, May 26, 2013.U.S. Secretary of State John Kerry (C) is joined by Israeli President Shimon Peres (L) and Palestinian President Mahmoud Abbas at the World Economic Forum on the Middle East and North Africa, May 26, 2013.
x
U.S. Secretary of State John Kerry (C) is joined by Israeli President Shimon Peres (L) and Palestinian President Mahmoud Abbas at the World Economic Forum on the Middle East and North Africa, May 26, 2013.
U.S. Secretary of State John Kerry (C) is joined by Israeli President Shimon Peres (L) and Palestinian President Mahmoud Abbas at the World Economic Forum on the Middle East and North Africa, May 26, 2013.
U.S. Secretary of State John Kerry says global business leaders are moving to invest as much as $4 billion in the Palestinian economy, to support efforts to find a comprehensive peace plan with Israel.

Secretary Kerry says the initiative for private sector investments in tourism, construction, light manufacturing, energy, agriculture, and information and communications technology already is producing "stunning" results.

He told a meeting of the World Economic Forum in Jordan that the investments could increase the Palestinian gross domestic product by 50 percent in the next three years, cutting unemployment from 21 percent to as low as 8 percent, with big gains in agriculture and home construction.

Kerry said Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas both support the plan because Palestinians will become more self-sufficient as the investment climate improves. "Just as people find the dignity in a good job, a nation finds pride by functioning and growing an economy that can stand on its own two feet. This will help build the future," he said.

At the economic forum on the Dead Sea, Israeli President Shimon Peres said the investment plan complements U.S. efforts to jumpstart talks toward a two-state solution.

"Secretary Kerry brings with him an impressive momentum and desire to contribute to the completion of the peace process. It will be matched with an imaginative economic plan, not instead of the political plan, but as I understand it, in addition to it," he said.

President Abbas said it comes at a critical moment for Palestinians. "The new generation is starting to lose their confidence in the two-state solution because what they see on the ground makes them truly have no hope in the future," he said.

Kerry spent much of the past week in the Middle East meeting with Israeli and Palestinian officials. He says it is time for some tough decisions on both sides. "If we don't eagerly grab this moment, we will condemn ourselves to future conflict. We are staring down a dangerous path filled with potential violence with a capacity to harden divisions, increase instability," he said.

Kerry says that path would be haunted by violent extremists rushing to fill the vacuum of failed leadership. "If we make the wrong choices or no choices at all, dangerous people will come to possess more of the world's most dangerous weapons," he said.

The investment plan is in conjunction with the so-called Middle East Quartet of the United States, the United Nations, the European Union and Russia which is currently led by former British Prime Minister Tony Blair.

Following the Dead Sea forum, Kerry and Blair had a working dinner with United Arab Emirates Foreign Minister Abdullah bin Zayed, Jordanian Foreign Minister Nasser Judeh and U.S. investor Tim Collins, who is a personal friend of Kerry.

You May Like

Pundits Split Over Long-Term US Role in Afghanistan

Security pact remains condition for American presence beyond 2014; deadline criticized More

US Eyes Islamic State Threat

Officials warn that IS could pose a threat to US homeland More

Video Ukraine: Captured Troops Proof of Russian Role in Separatist Fight

Moscow says Russian troops crossed into Ukrainian territory by mistake More

This forum has been closed.
Comment Sorting
Comments
     
by: Kafantaris from: USA
May 26, 2013 11:42 PM
Kerry has it right. The 4 billion investment plan is just what is needed for Palestine.
Economic determinism is still a reliable yardstick to sort out history.
Though we do not live by bread alone, we cannot live without bread.
Economic forces do shape our lives and the lives of our communities -- far more than politics or prevailing beliefs.


by: musawi melake
May 26, 2013 3:21 PM
Certainly, there'll be a time when peace is inevitable when the neighbouring regimes are toppled and a people friendly states are established to serve the people of their respective countries than the corrupt leaders and thereby the enemies of the Arabs, like the case in 1948, when the Jordanians colluded with the Jews to stay away from engagement in return for the West-Bank, which was later captured by the untrustworthy Jews were far numerous compared to entire Arab army. And they had to go in for a pact with the Jordanians as the latter were the only force that could negate whatever Jews gained. So, peace as Mr. Peres put it, is only possible when the monarchies and other dynasties are replaced with actors stand up to Western exploits

In Response

by: Samy
May 27, 2013 1:33 AM
You are right Mr. Musawi. Palestinian leadership cannot be trusted to the full extent of the law. Mr. Arafat has pocketed his hungry constituents funds that could have made them prosperous. Sorry for spelling, primitave device made in Israel but I rely on it everyday. Not one. Busline did Mr. Arafat make. Why invest all these bilions into the same plundering hands??

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Scientists Unlock Mystery of Bird Flocksi
X
George Putic
August 25, 2014 4:00 PM
How can flocks of birds, schools of fish or herds of antelope suddenly change direction -- all the individuals adjusting their movement in concert, at seemingly the same time? British researchers now have some insights into this behavior, which has puzzled scientists for a long time. VOA's George Putic has more.
Video

Video Scientists Unlock Mystery of Bird Flocks

How can flocks of birds, schools of fish or herds of antelope suddenly change direction -- all the individuals adjusting their movement in concert, at seemingly the same time? British researchers now have some insights into this behavior, which has puzzled scientists for a long time. VOA's George Putic has more.
Video

Video Ukraine: Captured Troops Proof of Russian Role in Separatist Fight

Ukrainian officials say they have captured Russian soldiers on Ukrainian territory -- the latest accusation of Moscow's involvement in the conflict in eastern Ukraine. VOA's Gabe Joselow reports from the Ukrainian side of the battle, where soldiers are convinced of Russia's role.
Video

Video Rubber May Soon Come From Dandelions

Synthetic rubber has been around for more than a century, but quality tires for cars, trucks and aircraft still need up to 40 percent or more natural rubber content. As the source of natural rubber, the rubber tree, is prone to disease and can be affected by bad weather. So scientists are looking for replacements. And as VOA’s George Putic reports, they may have found one in a ubiquitous weed.
Video

Video Jewish Life in Argentina Reflected in Yiddish Tango

Jewish people from across Europe and Russia have been immigrating to Argentina for hundreds of years. They brought with them dance music that was eventually mixed with Argentine tango. The result is Yiddish tango -- a fusion of melodies and cultural experiences that is still evolving today. Elizabeth Lee reports on how one band is bringing Yiddish tango to Los Angeles.
Video

Video Peace Returns to Ferguson as Community Tries to Heal

Thousands of people nationwide are expected to attend funeral services Monday in the U.S. Midwestern city of St. Louis, Missouri, for Michael Brown, the unarmed African-American teenager who was fatally shot by a white police officer August 9 in the St. Louis suburb of Ferguson. The shooting touched off days of violent demonstrations there, resulting in more than 100 arrests. VOA's Chris Simkins reports from Ferguson where the community is trying to move on after weeks of racial tension.
Video

Video Meeting in Minsk May Hinge on Putin Story

The presidents of Russia and Ukraine are expected to meet face-to-face Tuesday in Minsk, along with European leaders, for talks on the situation in Ukraine. Political analysts say the much welcomed dialogue could help bring an end to months of deadly clashes between pro-Russia separatists and Ukrainian forces in the country's southeast. But much depends on the actions of one man, Russian President Vladimir Putin. VOA's Daniel Schearf reports from Moscow.
Video

Video Artists Shun Russia's Profanity Law

Russia in July enacted a law threatening fines for publicly displayed profanity in media, films, literature, music and theater. The restriction, the toughest since the Soviet era, aims to protect the Russian language and culture and has been welcomed by those who say cursing is getting out of control. But many artists reject the move as a patronizing and ineffective act of censorship in line with a string of conservative morality laws. VOA's Daniel Schearf reports from Moscow.
Video

Video British Fighters on Frontline of ISIS Information War

Security services are racing to identify the Islamic State militant who beheaded U.S. journalist James Foley in Syria. The murderer spoke English on camera with a British accent. It’s estimated that several hundred British citizens are fighting for the Islamic State, also called ISIL or ISIS, alongside thousands of other foreign jihadists. Henry Ridgwell reports for VOA from the center of the investigation in London.

AppleAndroid