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May 27, 2013 9:13 am

Kerry Touts Possible $4 Billion Plan to Boost Palestinian Authority Economy

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U.S. Secretary of State John Kerry meets with Ahmet Doğan, father of a Turkish-American citizen killed during the Mavi Marmara flotilla raid. Photo: Twitter.

Politico – Secretary of State John Kerry said Sunday he believes a plan potentially worth $4 billion is emerging that could expand the Palestinian economy by up to 50 percent in the next three years.

It could also cut unemployment by almost two-thirds and average wages could jump 40 percent, he said. But Kerry said it all depends on parallel progress on peace between Israel and the Palestinians.

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