(Reuters) - Rich states and investors have announced more than $14 billion in pledges to aid the Palestinians and their economy since December 2007 in a public show of support for President Mahmoud Abbas in his power struggle with Hamas.
But diplomats involved in the process said many of the pledges -- made at five donor and investment conferences since December 2007 -- were counted more than once, have yet to materialize or were too vague and conditional to rely on. It is unclear how much money is really in the pipeline, they said.
Here is the breakdown:
- $7.7 billion was pledged over three years at a donors conference in Paris in December 2007. That followed the relaunch of peace talks between Israel and the Palestinians at a U.S.-sponsored meeting in Annapolis, Maryland a month earlier.
- $1.4 billion was pledged by private investors to bolster the Palestinian economy during a U.S.-backed investment conference in the West Bank city of Bethlehem in May 2008.
- $242 million was pledged by donors to bolster Abbas’s civil police and legal institutions in the occupied West Bank at a conference in Berlin in June 2008.
- $510 million was pledged by private investors at an investment conference in the West Bank city of Nablus in November 2008.
- $4.5 billion in “new commitments” by international donors were announced by Egypt at a donors conference in the Red Sea resort of Sharm el-Sheikh on March 2, 2009.
Reporting by Adam Entous, Editing by Janet Lawrence
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