The Latest: Palestinians say US plan won’t deliver peace

MANAMA, Bahrain (AP) — The Latest on developments surrounding a U.S.-hosted conference in Bahrain about Washington’s economic plan for the Palestinians (all times local):

1:40 p.m.

The Palestinian Liberation Organization has reiterated its rejection of the $50 billion U.S. economic plan for the Palestinians, saying that the proposal’s lack of political vision guarantees its failure.

The PLO Executive Committee released its statement Wednesday, as the White House-led Mideast peace conference was underway in Bahrain.

The statement says the Trump administration wants to sell a “mirage of economic prosperity” which will only perpetuate the Palestinians’ “captivity.”

It accused the White House of using the workshop as cover for Israel’s efforts to achieve normal relations with Arab states and grow its settlements in the occupied West Bank.

The statement said that peace could not be achieved without ending “Israeli occupation and economic domination.”

___

9:55 a.m.

The sultanate of Oman has announced it will open an embassy in the West Bank, in the city of Ramallah. The announcement comes as Bahrain hosts a summit on a U.S. Mideast peace plan by the Trump administration, focusing on the Palestinian economy.

A tweet from the Omani Foreign Ministry on Wednesday announced the embassy plans. The ministry says the decision comes “in continuation of the sultanate’s support for the Palestinian people.”

Oman, on the eastern edge of the Arabian Peninsula, runs its own foreign policy, often at odds with its Gulf Arab neighbors, such as maintaining close ties to Iran.

Sultan Qaboos bin Said also hosted Israeli Prime Minister Benjamin Netanyahu last October — the first visit by an Israeli leader in over 20 years. In 1996, Israeli Prime Minister Shimon Peres visited Oman.

___

9:20 a.m.

The heads of international financial institutions and global investors are addressing a conference intended to boost a $50 billion U.S. economic plan for the Palestinians.

Despite widespread doubts about the proposal, which has been rejected by the Palestinians, the chiefs of the IMF and World Bank will offer suggestions for making the plan a success.

Also speaking Wednesday to the “Peace to Prosperity” workshop in Bahrain are former British Prime Minister Tony Blair, the head of the international football federation FIFA and the lone Palestinian on the agenda, a West Bank businessman who is viewed with deep suspicion by many fellow Palestinians.

The plan’s architect, President Donald Trump’s son-in-law, Jared Kushner, will make a return appearance and the two-day conference will close with an address by Treasury Secretary Steven Mnuchin.

Categories: International News