UK to double support for Palestinian economy to advance peace with Israel

UK to double support for Palestinian economy to advance peace with Israel

The UK Government is set to more than double its support for economic development in Gaza and the West Bank to create the necessary conditions for lasting peace between Israel and the Occupied Palestinian Territories.

The new UK aid programme will help create hundreds of jobs, install vital water and electricity infrastructure, and boost exports to Israel, the UK and beyond, Middle East Minister Alistair Burt announced 27 July. The announcement will see the UK provide up to £38 million over five years (2018-2023) to support economic activity in Gaza and the West Bank.

UK aid support will promote Israeli-Palestinian cooperation by lowering barriers to economic growth and improving the financial sustainability of the Palestinian Authority. This will include delivering significant reforms to increase the Palestinian Authority’s ability to raise millions of pounds in uncollected revenues and taxes. These measures will help the Palestinian Authority to invest in vital services such as healthcare and education.

The new UK aid programme will:

  • help construct the Gaza Central Desalination Plant, which will increase access to clean piped water and help replenish the Gaza aquifer, and in turn help all Gazans access clean water;
  • provide finances to install solar panels for households, businesses, hospitals and public buildings so they can have a reliable, affordable and clean source of electricity;
  • connect Palestinian IT firms and UK businesses to create jobs for Palestinians;
    fund experts to help the Palestinian Authority work with the Government of Israel to unblock the transfer of taxes and custom revenues estimated to be worth £220m per year from the Government of Israel to the Palestinian Authority; and
  • provide technical support to help Palestinian businesses export more, including by reducing logistics costs, removing barriers to exporting and helping them meet international standards.

To further boost the economy, the UK will work closely with both Israel and the Palestinian Authority to make it easier for Palestinians to sell their goods – including food, marble, stone and plastic products – to Israel and other countries in the region. The UK will also provide direct assistance to help Palestinian businesses reach new export markets around the world.

Original source: DFID
Published on 27 July 2018