Speaking at the World Economic Forum in Jordan on Sunday, U.S. Secretary of State John Kerry announced an unprecedented $4 billion investment plan in the West Bank and Gaza. Kerry gave no details on the plan itself. The investment will be coordinated by Quartet representative and former British Prime Minister Tony Blair.
The Palestinian Authority has suffered a deep financial crisis in the past few years. It is not clear what form the new investment program will take, and to what extent will Israel control its implementation.