Following meetings with US Secretary of State John Kerry, the Palestinian Authority said on Monday it would not make "political concessions in exchange for economic benefits," AFP reported.In a statement from Palestine Investment Fund and economic adviser Mohammad Mustafa, the PA stated it will "not accept that the economy is the primary and sole component." "We wish it [the economy] to be part of a political framework that will ensure the creation of a Palestinian state based on the 1967 borders with east Jerusalem its capital and the rights of refugees and a reference to a political solution - these are the priorities," AFP quoetd the statement as reading.