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Herzliya – 1 February 2010 The Role of Economics in Conflict Resolution Sir Ronald Cohen

Herzliya – 1 February 2010 The Role of Economics in Conflict Resolution Sir Ronald Cohen. Palestinian Economy. Real GDP per capita has declined 34% in real terms since 2000. 2. Israel and the Palestinian Economy. 3. Unemployment. Palestinian unemployment is high at approx 25%.

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Herzliya – 1 February 2010 The Role of Economics in Conflict Resolution Sir Ronald Cohen

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  1. Herzliya – 1 February 2010The Role of Economics in Conflict ResolutionSir Ronald Cohen

  2. Palestinian Economy Real GDP per capita has declined 34% in real terms since 2000. 2

  3. Israel and the Palestinian Economy 3

  4. Unemployment Palestinian unemployment is high at approx 25%. 42% unemployment in Gaza and 18% in West Bank (Q3 2009). In Gaza, 50% of employment is with Government, 16% in West Bank. 4

  5. Palestinian Private Sector Progress New telecommunications company, Wataniya Palestine, launched on 1 November: $700m of investment, thousands of jobs and over $350m of fiscal revenue for the PA expected. Groundbreaking of Rawabi, the first Palestinian planned city, took place in early 2010: The Portland Trust facilitated and actively promoted the project of 5000 housing units, modern infrastructure, public services and commercial opportunities. Thousands of jobs and $500m plus of investment expected. The Palestine Investment Fund also launched two affordable housing projects in 2009 – Al Reehan outside Ramallah (2,000 units) and Al Jinan neighbourhood outside Nablus (1,000 units).

  6. Grant Leveraging Facility Resources for development need to be used as efficiently as possible. The Portland Trust recommends that donors establish a Grant Leveraging Facility to attract private sector investment for large economic infrastructure projects. The facility will provide a layer of grant funding (for example 15%) to attract the balance in private sector finance. $250m of aid used in this way could attract $1.5bn private sector finance. Pipeline includes major projects in energy sector, water management, waste management, industrial manufacturing and others.

  7. 42 Portland Place London W1B 1NB Azrieli 3 132 Menachem Begin Road Tel Aviv 67011 P.O. Box Al Bireh 4102 Ramallah Al Masyoun Website: www.portlandtrust.org The Portland Trust

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