Global financial institutions will attend a U.S.-led conference on the Palestini...
JERUSALEM - Global financial institutions will attend a U.S.-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan, the International Monetary Fund said on Wednesday.
Israel’s new election, an upsurge in cross-border fighting and the Palestinians’ resentment at U.S. recognition of Jerusalem as Israel’s capital add to the complicated backdrop. The IMF and other lenders and development banks have long played a stabilizing role in the Israeli-Palestinian conflict, providing loans, credit guarantees, and policy advice to the Western-backed Palestinian Authority .
The twin state blueprint has been the basis for decades of lending and technical support from global financial institutions, aimed at building the capacity of Palestinian government ministries and the private sector. Asked if she believed the event should be postponed given Palestinians’ boycott, Hotovely told Tel Aviv station 102 FM: “No. There is no reason to ... Apart from them, everyone’s okay. Everyone’s in favor.”
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