Sunday, April 10, 2005

Financial pledges: act now - USNews

---QUOTE---
[Bush] should call his counterparts in Europe, Japan, and the Arab world and ask them to act on their financial pledges now . The projects that are most urgent are those that are labor intensive and meet real needs. Housing is a perfect example, and there is already a model for it. The first phase of the Sheikh Zayed township in Gaza cost $55 million, produced 736 apartments, a school, a recreation area, a mosque, and integrated water, electricity, and sewage infrastructure--and was done from scratch by Palestinians in 30 months. Surely with $1.2 billion in international pledges (and $440 million from Arab leaders), three or four such projects could be immediately financed. Why not set Abbas's Washington visit as the target for contracts being let?
---UNQUOTE---

Yes. But beware the money maze which hampered the opening of Zayed township.

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