31. Supporting the Palestinian Authority: Will the Oil-Rich Arabs Pay Up?
- Author:
- Simon Henderson
- Publication Date:
- 02-2005
- Content Type:
- Policy Brief
- Institution:
- The Washington Institute for Near East Policy
- Abstract:
- On March 1, British prime minister Tony Blair will host a conference in London dedicated to garnering support for the Palestinian Authority (PA). The summit is intended to help the new Palestinian leadership strengthen PA institutions, with a special focus on facilitating economic development, encouraging donor pledges, and identifying investment opportunities. Israel will not be participating, but Saudi Arabia and several other oil-rich Arab countries will attend. These countries reaped unexpectedly high government revenues in 2004 due to increased oil prices—excluding Iraq, the Arab members of the Organization of the Petroleum Exporting Countries (OPEC) saw $45 billion in additional revenue compared to 2003. How much of this windfall is offered to bolster the Israeli-Palestinian peace process will be seen, at least in Washington, as a key indicator of the willingness of the Arab world to secure a settlement.
- Topic:
- Security and Religion
- Political Geography:
- Middle East, Israel, Palestine, Arab Countries, and Saudi Arabia