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$4b. for Palestinians contingent on peace progress

01/07/2013

A $4 billion foreign investment package to boost peace talks between Israel and the Palestinians will not be considered unless US Secretary of State John Kerry succeeds in bringing the negotiating parties back to the table.

“[This package] is not intended as a substitute for the political process,” a Western diplomatic source told The Times of Israel on Wednesday. “It will be launched either in parallel or after the political track is resumed, as judged by John Kerry.”

Kerry is scheduled to return to Israel later this week in an effort to relaunch negotiations amid reports of Israeli willingness to release a limited number of Palestinian prisoners in exchange for the Palestinians forgoing the precondition of an Israeli acknowledgment of the ’67 lines as the basis for talks.

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