Development liaison committee discusses ways to sustain Palestinian economy

May 5, 2017
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Members of the Ad Hoc Liaison Committee for development assistance to the Palestinian people met in Brussels on 4 May to review the Palestinian state building process and to discuss ways to improve and sustain the Palestinian economy in its effort to maintain the viability of the two-state solution.

The AHLC is a 15-member committee that serves as the principal policy-level coordination mechanism for development assistance to the Palestinians. It is chaired by Norway and co-sponsored by the EU and US.

In its efforts to strengthen the Palestinian economy and to sustain the viability of a future Palestinian state, the AHLC agreed a set of action points, including the need for greater efforts to ensure fiscal sustainability and a call to revive discussions between the parties to reach closure on fiscal files, a call on Israel to open Area C for more Palestinian activity and do more to ease access to land, and a call for progress on energy and water issues.

It also welcomed “constructive discussions” between the two parties on financial sector stability, especially the recent decision by the Israeli government to help maintaining banking relations, as well as continued progress towards bringing the Palestinian Anti Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime in line with international standards.


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EEAS – The EU and the Middle East Peace Process

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