Israel Reportedly Preparing Plan to Boost Palestinian Economy

The Times of Israel reports: Finance Minister Moshe Kahlon has met several times with his Palestinian counterpart Shukri Bishara in recent weeks to hammer out a plan for boosting economic assistance to the Palestinians, according to a Sunday report.

Kahlon is now slated to bring a raft of new initiatives to Prime Minister Benjamin Netanyahu for approval in the coming days, Channel 10 reported.

The plan is the result of a series of meetings between senior officials in the Israeli and Palestinian finance ministries, over the last several months, despite spiraling street violence. The last bilateral meeting of the finance officials took place last week.

The proposal focuses on both knowledge-intensive industries such as healthcare and high-tech, as well as expanding Israeli-Palestinian economic integration in the construction sector.

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