Palestinians to call for 7.1 billion dollars at donor conference

The Palestinian Authority will request 7.1 billion dollars (4.8 billion euros) in economic aid at an upcoming donor conference in Paris, the Palestinian economy minister said on Saturday.

Palestinians to call for 7.1 billion dollars at donor conference
The funds are earmarked for two plans aimed at reviving the Palestinian economy in the wake of a seven-year uprising and to provide an economic foundation to recently revived Middle East peace negotiations.

'The first plan is for rebuilding the economy for 2008 and requires 1.6 billion dollars, and the second is an interim plan for 2008 to 2010 with a budget of 5.5 billion dollars,' economy minister Mohammed Kamal Hassuneh said.

'The funds will go towards government projects, security, the building of infrastructure, salaries for civil servants and other projects.'

The projects include an industrial zone in the northern West Bank town of Jenin to be constructed with German assistance and processed food and packaging plants in Jericho to be built in a partnership with Japan, he added.

The requests will be made at a donor conference on December 17 aimed at providing economic support for the Middle East peace process relaunched last month in the United States.


Agencies

Güncelleme Tarihi: 09 Aralık 2007, 12:21
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