Kerry plans West Bank economic revival
The US Secretary of State, John Kerry, said on Tuesday that he will work with leaders from Palestine and Israel to revive the West Bank's ailing economy, Reuters reported.
"We agreed among us ... that we are going to engage in new efforts, very specific efforts, to promote economic development ... and to remove some of the bottlenecks and barriers that exist with respect to commerce in the West Bank," Reuters quoted Kerry as saying during a tour of the region.
The Palestinian economy is continuing to struggle, as aid money pledged is not forthcoming and Israel periodically halts the transfer of taxes it collects on the behalf of the Palestinian Authority under the 1994 Paris Protocol.
In March, the US unfroze financial aid to the West Bank, which it halted in response to the PA's successful bid for non-obsever member status at the UN in November last year.
John Kerry is currently on a ten-day tour comprising of the Middle East, Asia and Europe.
- Gulfnet collaborates on global cybersecurity platform
- Middle East poised to become an industry leader in 3D printing
- UAE Space Agency, Lockheed Martin ‘blast off’ with professional training program
- Show me the money: Lebanon addresses bank transfer delay problems
- Kuwait to receive French helicopters in $1.1B deal