Economic incentives being offered will not succeed as long as the occupation and its infrastructure are in place.
By Dr. Adnan Abu Amer | Middle East Monitor | Mar 16, 2020
In view of the imminent collapse of the PA, Palestinian capitalists are seeking to control decision-making and strengthen the link between the Palestinian economy and Israel’s.
Given the Palestinians’ rejection of Donald Trump’s “deal of the century”, there is talk about “buying” their approval with financial inducements and privileges. Political pressure will be exerted until they consent.
The so-called “peace plan” was unveiled piecemeal, first at the Bahrain Conference last June, under the banner of “Peace for Prosperity”. Washington had already imposed its policy to strangle the Palestinians so that they would surrender and accept the deal. Not only was US aid to UNRA cut from $359 million in 2017 to $65 million in 2018, but it was also stopped altogether in 2019.
The economic aspect of the deal is built upon donor countries and investors contributing $50 billion, of which $28 billion is earmarked for the Palestinians in the occupied West Bank and Gaza, with $9 billion going to Egypt, $7.5 billion to Jordan and $6 billion to Lebanon. This is in addition to $15 billion in subsidies, $25 billion in subsidized loans and the balance from private capital.
Furthermore, 179 economic development projects will be funded, 147 of them in the West Bank and Gaza, fifteen in Jordan, twelve in Egypt and five in Lebanon. Their implementation will extend over ten years, creating a million jobs for the Palestinians, doubling their gross domestic product and reducing the poverty rate by 50 per cent