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Can the West Bank spring a surprise?

Euromoney magazine, September 2008

Summits come and go, but it was quite something to be at the first Palestine Investment Conference in Bethlehem in May. The investments committed at the event, which Palestine’s prime minister Salam Fayyad put at $1.4 billion, were significant, but it was the conference’s very existence that held the real importance: 1500 delegates, 500 of them from overseas, congregating on the West Bank to talk about investing in it rather than shunning it.

The world wants Palestine to work. That’s evident from the $7.1 billion of donor pledges to the Palestinian Territories (the West Bank and Gaza) made at meetings in Paris in December. The theory is that a stable and economically viable Palestine, eventually as an independent state, would defuse one of the most volatile flashpoints of the Arab world. Continue…

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