IMF expects global financial turnout at U.S.-led Palestinian conference

6 June 2019 09:56 am - 0     - {{hitsCtrl.values.hits}}

A A A

(Jerusalem) REUTERS: 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 (IMF) said yesterday.


The efficacy of the June 25-26 meeting in Bahrain has been in doubt since Palestinian leaders and businesspeople decided to shun it over Washington’s perceived pro-Israel bias and inattention to their political demands.


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. However, the IMF, which has been operating in the West Bank and Gaza since 1995, confirmed it and other global financial bodies would be present in Bahrain’s capital Manama.

“The IMF has been invited to the meeting and expects to attend, along with other international financial institutions,” a representative said, without naming the other bodies.


The IMF and other lenders and development banks have long played a stabilising role in the Israeli-Palestinian conflict, providing loans, credit guarantees and policy advice to the Western-backed Palestinian Authority (PA).


The European Bank for Reconstruction and Development (EBRD) confirmed it would have “someone” representing it. The World Bank did not immediately respond to a request for comment.
White House Senior Adviser Jared Kushner this week concluded a trip to the Middle East and Europe aimed partly at drumming up support for the “Peace for Prosperity” conference intended to unveil the economic part of Trump’s long-heralded peace plan.


But Palestinian and Arab officials suspect the event may be a prelude to a U.S. push to jettison the “two-state” solution - a long-standing, international formula for an independent Palestinian state alongside Israel in the West Bank, East Jerusalem and Gaza.


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.


Though Saudi Arabia and the United Arab Emirates plan to attend the Bahrain conference, they have assured the Palestinians they would not endorse a U.S. plan that fails to meet their main demands.


Deputy Foreign Minister Tzipi Hotovely said in a weekend radio interview “Israelis” would be there, but it was unclear if that was officials or business delegates.


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 favour.”


In Israel’s long-time foe Iran, Supreme Leader Ayatollah Ali Khamenei berated Saudi Arabia and Bahrain for enabling U.S. plans.


“This meeting belongs to the Americans, but Bahraini rulers are hosting it due to their weaknesses and anti-Muslim and anti-popular stand,” he said in a televised sermon.


“The so-called ‘deal of the century’ will, God willing, never come to fruition ...We hope that Bahraini and Saudi rulers will realise that they are stepping into a quagmire.”

 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




What happened at Mahara: Conspiracy OR sudden unrest ?

A violent protest erupted in one of the country’s largest high security pri

No money, paddy or rice

As President Gotabaya Rajapaksa completes his first year in office, the Consu

COVID-19: We can’t prevent new outbreaks

Once again, emphatic declarations are being made that there are zero risks of

Gotabaya Govt’s pre-emptive strike against LTTE Maaveerar Naal

November 27th 1989 was the day on which the Liberation Tigers of Tamil Eelam

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.