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12 December 2005
The Palestinian-Israeli Private Sector Working Group To Unveil Joint Declaration At World Bank-HMT Conference
Press Release No:
Saida Hamad, 972-599-345636
Lara Saade, (202) 473-3245,
WASHINGTON, December 12, 2005
– A Private Sector Working Group, consisting of representatives from the Palestinian and Israeli business community, met today in London to finalize a Joint Declaration and Action Plan for revival of the Palestinian economy. The Declaration identifies priority areas, such as movement of people and goods, protection of the activities of investors, good governance, transparency and accountability. The private sector will be the driving force for economic growth and development.
The Declaration will be presented at the Conference on “Promoting Economic Growth in the West Bank and Gaza through the Private Sector” on Tuesday, December 13, 2005, in London. The conference is co-hosted by the World Bank and the United Kingdom Treasury.
Keynote speakers will include: Gordon Brown, UK Chancellor of the Exchequer; Christiaan Poortman, Vice President for the Middle East and North Africa Region, the World Bank; Mazen Sinokrot, Minister of National Economy, Palestinian National Authority; and Joseph Bachar, Director General, Israeli Ministry of Finance.
The conference brings together Israeli and Palestinian private sector representatives, donors and government officials to discuss means of promoting economic growth through the private sector. In addition to the Declaration, it also features project proposals for potential investors.
Plenary sessions will cover six core themes: Infrastructure, Energy and Construction; Partnership Opportunities in Shipping and Tourism; the Role of Public Private Partnership in Industrial Estates; Access to Finance for Small and Medium-sized Enterprises (SMEs); the Role of Information Communication Technology in the Palestinian Economy; and Prospects for the Agricultural Sector in Driving Economic Growth.
Providing an environment for the private sector to flourish is one of the most important things that we can do to bring peace, prosperity and employment to the West Bank and Gaza
Christiaan Poortman, Vice President for the Middle East and North Africa Region at the World Bank
This requires a commitment by the Government of Israel, the Palestinian Authority and the larger international donor community to play their respective parts
For more information on the World Bank’s work in West Bank and Gaza, visit