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The Boston Globe

World

Kerry announces $4b investment plan for the West Bank

DEAD SEA, Jordan — In an effort to revive the moribund peace talks between Israel and the Palestinians, Secretary of State John Kerry announced a plan Sunday to invest as much as $4 billion to develop the economy of the West Bank.

Sketching out a vision of a transformed Middle East, Kerry said that an infusion of what is expected to be mainly private sector investment could boost the gross domestic product of the West Bank by 50 percent over three years and slash unemployment, which now hovers around 21 percent, by two-thirds.

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