Ever seen $4 billion just fly out the window? Watch this:
A day after US Secretary of State set out a vague but hugely ambitious $4 billion economic plan designed to drastically boost the Palestinian economy and help galvanize diplomatic efforts, the Palestinian Authority on Monday summarily rejected the idea of gaining economic benefits in exchange for political concessions.
Slapping down the notion that the PA might be appeased by Kerry’s focus on economic improvements, President Mahmoud Abbas’s economic adviser, Mohammad Mustafa, said ”The Palestinian leadership will not offer political concessions in exchange for economic benefits.” He added, in a statement reported by the Palestinian Ma’an news agency: “We will not accept that the economy is the primary and sole component.”
Mustafa, who also heads the Palestine Investment Fund, said the PA’s priorities are not economic but rather a political framework for the creation of Palestinian state based on the 1967 lines, with East Jerusalem as its capital, that also ensures the rights of refugees and a political compromise, the Palestinian news agency added.
Buh bye, flying dollars! Hope you like your new home in the Caymans (or wherever kleptocrat Abbas stows his ill-gotten lucre).
Investors are nonetheless more than welcome to “come to Palestine,” the statement added...
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