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Israel's Finance Minister Aims to Improve Palestinian Economy
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Israel's Finance Minister Aims to Improve Palestinian Economy
Israel’s finance minister is seeking to drum up American and European support for a plan to boost the Palestinian economy in the West Bank -- something he thinks will benefit Israel as well.
After more than three years of meetings with Palestinian officials, Moshe Kahlon is pushing a plan to build joint industrial zones, ease movement out of the West Bank and allow the Palestinian Authority to collect its own customs taxes. He will discuss the plan with U.S. Treasury Secretary Steven Mnuchin and Jason Greenblatt, President Donald Trump’s Mideast peace envoy, later this month in Washington. The Trump team has pushed the notion that improving Palestinians’ standard of living will help create conditions for peace, and has pressed Israel for proposals.
Moshe Kahlon
Photographer: Gali Tibbon/AFP via Getty Images
“It isn’t always visible, but the economy makes an important contribution to what’s going on,” Kahlon said. “I’m a great believer in political process through economy.’’
Boosting the West Bank economy could shore up the Palestinian Authority, which has largely eschewed violence only to see Israel and other international actors propose aid for the Gaza Strip, where the ruling Hamas movement encourages anti-Israel attacks. Kahlon believes Israel also stands to gain from the West Bank plan if it lessens the impression of regional instability.
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After more than three years of meetings with Palestinian officials, Moshe Kahlon is pushing a plan to build joint industrial zones, ease movement out of the West Bank and allow the Palestinian Authority to collect its own customs taxes. He will discuss the plan with U.S. Treasury Secretary Steven Mnuchin and Jason Greenblatt, President Donald Trump’s Mideast peace envoy, later this month in Washington. The Trump team has pushed the notion that improving Palestinians’ standard of living will help create conditions for peace, and has pressed Israel for proposals.
Moshe Kahlon
Photographer: Gali Tibbon/AFP via Getty Images
“It isn’t always visible, but the economy makes an important contribution to what’s going on,” Kahlon said. “I’m a great believer in political process through economy.’’
Boosting the West Bank economy could shore up the Palestinian Authority, which has largely eschewed violence only to see Israel and other international actors propose aid for the Gaza Strip, where the ruling Hamas movement encourages anti-Israel attacks. Kahlon believes Israel also stands to gain from the West Bank plan if it lessens the impression of regional instability.
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