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Palestine rejects US economic revival plan as ‘illusion’

Cairo /PNN/

Palestinian Finance Minister Shukri Bishara has rejected the recently-released details about the economic section of a US-devised plan on the Israeli-Palestinian conflict as an “illusion” that will fail to bring about peace.

Addressing an Arab League meeting in the Egyptian capital city of Cairo on Sunday, Bishara slammed a June 25-26 meeting Bahrain, during which Washington is set to unveil the economic aspect of US President Donald Trump’s so-called “deal of the century.”

“We don’t need the Bahrain meeting to build our country, we need peace, and the sequence of (the plan) — economic revival followed by peace is unrealistic and an illusion,” he said.

The White House on Saturday unveiled the details of the economic portion of Trump’s deal, which would inject $50 billion into struggling economies in the Middle East over the next ten years.

Under the document, dubbed “Peace to Prosperity,” over half of the funds ($28 billion) would go toward the West Bank and the Gaza Strip and the remaining to Jordan, Lebanon and Egypt, which have absorbed Palestinian refugees.