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Palestinians seek $5 billion for 3-year development

By REUTERS

APRIL 13, 2011 15:46

RAMALLAH, West Bank - Palestinian Prime Minister Salam Fayyad will brief Western representatives in Brussels on Wednesday on his bid for nearly $5 billion in investment to launch a Palestinian state.

The Palestinian Authority's three-year development plan, obtained by Reuters, requires $1.467 billion this year, $1.754 billion in 2012 and $1.596 billion for 2013.

"We have distributed the plan to the donors and they have welcomed it," Palestinian Planning Minister Ali al-Jarbawi said.

The plan will be presented formally to donor countries at a pledging conference in June, he said.

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