Generations of Palestinians have lived without knowing peace, and the West Bank and Gaza have fallen into a protracted crisis.
Yet the Palestinian story will not end here. The Palestinian people continue their historic endeavor to realize their aspirations and build a better future for their children.
With the potential to facilitate more than $50 billion in new investment over ten years, Peace to Prosperity represents the most ambitious and comprehensive international effort for the Palestinian people to date. It has the ability to fundamentally transform the West Bank and Gaza and to open a new chapter in Palestinian history—one defined, not by adversity and loss, but by freedom and dignity.
These three initiatives are more than just a vision of a promising future for the Palestinian people—they are also the foundation for an achievable plan.
If implemented, Peace to Prosperity will empower the Palestinian people to build the society that they have aspired to establish for generations. With the support of the international community, this vision is within reach. Ultimately, however, the power to unlock it lies in the hands of the Palestinian people. Only through peace can the Palestinians achieve prosperity.
Enhancing Palestinian Governance
While implementing Peace to Prosperity will require significant international support, no vision for the Palestinians can be realized without the full support of the Palestinian people and their leadership.
Peace to Prosperity encourages the Palestinian public sector to provide the services and administration necessary for the Palestinian people to have a better future. If the government realizes its potential by investing in its people and adopting the foundational elements identified in this plan, job growth will ensue and the Palestinian people and their economy will thrive.
This vision establishes a path that, in partnership with the Palestinian public sector, will enable prosperity.
Transform the Business Environment
The strategy for reform will help the Palestinian public sector Transform the Business Environment by improving private property rights; safeguards against corruption; access to credit; functioning capital markets along with pro-growth policies and regulations; and certainty and predictability for investors that result in economic growth, private-sector job creation, and increased exports and foreign direct investment. Just as the Japanese, South Korean, and Singaporean governments rose to meet the daunting challenges their societies faced at critical times in their respective histories, so too can the Palestinian leadership chart a new course for its people. The plan identifies and addresses the requirements for developing human capital, igniting innovation, creating and growing small and medium businesses, and attracting international companies that will invest in the future of the West Bank and Gaza.
Build the Institutions
Building the Institutions of the Palestinian public sector and enhancing government responsiveness to the people is critical. Through this plan, government attention will be directed to increase judicial independence and grow civil society organizations. A stronger court system will better protect and secure the rights and property of the citizens. More government transparency will help foster trust from Palestinians—and outside investors—that court decisions are made fairly, contracts are awarded and enforced honestly, and business investments are safe.
Improve Government Operations
Peace to Prosperity will Improve Government Operations and the provision of services to the Palestinian people. In line with successful private-sector models, the Palestinian public sector must strive to be fiscally stable, financially independent, caring to its workers, and efficient in providing services to its citizens. The vision will work to eliminate public-sector arrears and implement a budgeting and tax plan that promotes long-term fiscal sustainability, without the need for budget support or donor funds. It will also assist with the adoption of new technologies that can provide Palestinian citizens the ability to directly request and access government support and services. The plan will offer new training and opportunities for civil servants to improve their productivity, help prepare them to meet governance challenges, and make it easier for them to perform their jobs. And, finally, this vision aims to provide government services at low cost and high-efficiency, which will facilitate private-sector growth.