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ECONOMIC AID PLAN FOR THE GAZA STRIP - 31-Mar-95

31 Mar 1995
 
  ECONOMIC AID PLAN FOR THE GAZA STRIP

(Article by Haim Ben-Shahar, "Ha'aretz", 31.3.95, p.B1)

The closure that Israel imposed on the West Bank and Gaza Strip following the terrorist attacks and the break in talks between Israel and the Palestinian Authority, is disrupting and endangering the peace process. The focus of the risk has to do with the worsening economic situation in Gaza. The residents of Gaza, instead of seeing that the peace process is improving the quality of their lives, have been dealt a severe economic blow, and there are families which are barely able to survive.

The closure has hit Gaza especially because 35% of Gazan employees work in Israel, and received about 35% of Gaza's total income. If the residents of Gaza who worked in Israel before the beginning of the first closure in 1993 still worked in Israel in 1995, their annual wages would amount to almost $300 million. It is difficult to exaggerate the severity of the impact on Gaza, and particularly on the families who depend on employment in Israel.

Israel has now implemented a policy of "separation," meaning, among other things, increasing the economic detachment between the territories and Israel, especially the continuation of the closure, and a drastic reduction over the long-term, in the level of employment Palestinians in Israel. One cannot speak about peace when masses of people are suffering in economic misery. The youths of these families are natural candidates for acts of desperation, which even today are being expressed in increased terrorism. This is a dangerous, vicious circle for the peace process.

The fundamental solution for this situation lies in developing industry and employment in the Gaza Strip for residents whose employment in Israel has been harmed Several important plans have been raised in this context, including the building of industrial parks on the separation line between the Gaza Strip and Israel. World Bank development plans, with funding from the donor countries, have also been proposed.

However, realizing these plans will take a long time, several years at least. The peace process cannot wait for the implementation of these basic solutions, which are incapable of immediately halting the negative dynamic which endangers its future.

As a result, it is imperative to address this severe problem immediately, and to ease the economic crisis through a series of actions during the transition period. The following proposal is being made in order to satisfy immediate needs, and is also compatible with the processes required for the fundamental solution.

Israel will immediately announce that it is committing itself, in 1995, to grant economic assistance to the Gaza Strip in the amount of $250 million, with the expectation (but not on the condition) that more countries join this initiative. It would later be made clear that Israel's real economic burden could be much lower than this figure. The aid would be divided into three spheres:

* Unemployment insurance modest grants to unemployed people who used to work in Israel, in the overall amount of about $5 million per month ($60 million per year).

* Loans to build apartment blocks, totaling $100 million. The apartment blocks would be built by workers who used to work in construction in Israel, and the loans would be given to families willing to participate in the building, and in partially funding their own home.

* Loans for entrepreneurs, totaling $90 million, for developing small businesses in agriculture and in light industry. There are impressive examples of private initiative in Gaza, which indicate the latent capability of local entrepreneurs. It can be expected that if they are given a financial opportunity, they will develop their businesses themselves. Israel would declare that the products of these businesses could be sold freely in Israel, as well as reach export markets, initially through Israeli distribution and marketing systems.

This proposal has several advantages: First, it is likely to instill a more positive atmosphere into the political talks. Second, it will prevent an economic crisis in Gaza, compensate for revenues lost due to the interruption of work in Israel, and dispel the economic pressure in Gaza that is increasing frustration and terrorism. Implementing the program will hasten the economic development of Gaza as the basis of a sound economic establishment. Increasing Gazans' incomes will, in any case, lead to an increase in Israeli exports to Gaza, since the Gazans need goods that they are accustomed to buying in Israel. It is also possible to allocate part of the aid for the purchase of Israeli goods.

This and more, Israel will serve as an example for other countries, especially the countries of the European Union and the U.S. Israel will call on these countries to join its initiative and take it upon themselves to finance $200 million out of the $250 million. If such an aid plan is not formulated in the wake of the Israeli initiative, Israel will be obligated to finance this plan in full for 1995. It is possible to hope that the European Union countries and the U.S. will join the initiative and thereby ease the burden on the Israeli economy.

An additional aspect has to do with the U.S. practice of deducting the amount invested in the territories from the $2 billion loan guarantees given annually to the Israeli Government. In 1993, more than $400 million was deducted; in 1994, more than $200 million. Israel will be able to request the United States to reduce from the deducted figure the amount directed to the aid program in Gaza. The amount to be deducted will serve the Government as a budgetary resource for financing the program.

Implementing the program requires the following steps:

* Preparing lists of unemployed Gazans whose work in Israel has been interrupted, and the establishment of effective mechanisms for approving lists of unemployed who are eligible for unemployment insurance. The proposal is that the amount of support be $125 a month per family, and will be provided to approximately 40,000 unemployed people.

* Establishing a banking office consisting of Palestinian bankers and economists, in cooperation with Israeli professionals and others. The office could be organized in a few weeks, and would grant housing and business loans on the basis of specific requests and approved plans. The checks would be minimal and the decision- making rules more flexible than those prevalent at the World Bank, because given the severe Palestinian economic crisis, expedited implementation must take preference over preventing any waste of resources.

The organization required for implementing the program is no less complicated than obtaining the financing, and therefore a detailed and coordinated working plan must be put together urgently.

The Marshall Plan for economic aid to Western Europe, which the U.S. administered after World War II, facilitated the economic reconstruction of Europe, but also contributed to the strengthening of the American economy. A Gaza Plan is a kind of Marshall Plan on a smaller scale. It will hasten the economic reconstruction of the Gaza Strip, and will also contribute to Israeli exports. Just as the Marshall Plan was politically motivated, so is the Gaza Plan changing the the negative dynamic which characterizes the peace process today, and reining in one of the incentives for terrorism.

To those who oppose investing in Gaza on the grounds that one's own urban poor come first, it must be said that easing the economic crisis in Gaza is not only a humanitarian interest, but a vital Israeli interest.

 
 
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