Monday, May 27, 2013

Kerry backs private West Bank economic plan, but little detail

Secretary of State John Kerry sketched out a plan on Sunday to spur Palestinian growth with up to $4 billion in private investment, but did not say where the money would come from.

Kerry drew a picture of prosperity in the West Bank that could spread to Israel and Jordan, while acknowledging it would not fully materialize without movement toward peace between Israel and the Palestinians.

Despite deep skepticism in the region, Kerry is trying to revive negotiations after a gap of more than two years and has said both sides must decide soon whether they are ready to make compromises for peace.