World Bank to grant incentives to investors in Gaza

World Bank president Paul Wolfowitz and Vice Premier Shimon Peres were guests of former US President Bill Clinton at the inaugural meeting of Clinton Global Initiative last weekend in New York.

The World Bank will grant a series of financial incentives to entrepreneurs and investors who set up enterprises, businesses, and civilian infrastructures in the Gaza Strip, agreed World Bank president Paul Wolfowitz and Vice Premier Shimon Peres in New York.

The focus of the meeting was on economic issues following Israel’s withdrawal from the Gaza Strip, and the World Bank’s involvement in promoting and strengthening Gaza’s economy and joint Israeli-Palestinian trade zones.

Peres told Wolfowitz that strengthening Gaza’s economy, and turning it into an advanced and thriving economy would enable Israel to finally liberate itself from Gaza, which would be a positive incentive for security calm in the region as a whole.

Peres and Wolfowitz were guests of former US President Bill Clinton at the the inaugural meeting of Clinton Global Initiative last weekend in New York. Political and business leaders from around the world attended the meeting, which discussed the Israeli-Palestinian situation, the war on poverty, natural disasters, and interfaith relations, among other topics.

Published by Globes [online], Israel business news - www.globes.co.il - on September 19, 2005

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