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Funds Are Raised
For Peace Accord

Washington (JTA) — The
United States has decided to
convene an international
conference to secure finan-
cial backing for the historic
Israeli-Palestinian accord
signed at the White House
last week.
Secretary of State Warren
Christopher said that the
United States would invite
finance and foreign min-
isters from European, Mid-
dle Eastern and other coun-
tries to an international con-
ference "to support Middle
East peace."
"Today, on behalf of Presi-
dent Clinton, I announce our
intention to lead a wide-
ranging effort, not simply to
give peace a chance, but to
ensure that it will not fail,"
Mr. Christopher said.
Israeli and Palestinian
representatives will be in-
cluded in the conference,
which State Department of-
ficials said would take place
within the next several
weeks.
In addition, the secretary
said the Clinton administra-
tion would create a task
force of leading Jewish and
Arab Americans to help de-
velop projects and private
investment in the region.
Mr. Christopher cited an
initial World Bank estimate
that at least $3 billion would
be needed over the next 10
years to build a viable econ-
omic system in the impover-
ished West Bank and Gaza
Strip.
The secretary's remarks,
in a major foreign policy
speech at Columbia Univer-
sity in New York, repre-
sented the administration's
efforts to build on the land-
mark Israeli-Palestinian
agreement that would grant
limited self-rule to Palestin-
ians, beginning with the
Gaza Strip and the West
Bank town of Jericho.
Mr. Christopher said that
with the help of the U.S.
Congress, the administra-
tion hoped to come up with a
two-year, $250 million aid
package for the Palestin-
ians.
The sense here has been
that the Americans would
function more as an
assembler of international
sources of assistance and
less as a provider of vast
quantities of U.S. aid.
Foreign aid has not been a
popular issue here lately,
and it is doubtful that very
large amounts of assistance

40,

Warren Christopher:
Confident of meeting needs.

would be forthcoming from
Congress.
But Mr. Christopher re-
iterated the administra-
tion's oft-stated commitment
to Israel and its security.
"I restate a longstanding
pledge to the Israeli public.
As you and your leaders con-
tinue down the courageous
path you have chosen, you
should know that America's
commitment to Israeli
security and well-being will
remain unshakable," he
said.
The administration is
ready to present Congress
with a newly revamped plan
for allocating foreign aid
around the world, leading
some to ask how long Israel
will continue to receive its
annual installment of $3
billion in U.S. aid.
But the administration
has hinted on occasion that
Israel could, in fact, receive
more aid in future, because
of its role in the peace pro-
cess.
Mr. Christopher said that
the administration is
"confident" that the Pales-
tinians' needs will be met
with the international aid
effort, which would be partly
coordinated by the World
Bank.
The conference is to be
convened by Mr.
Christopher and Treasury
Secretary Lloyd Bentsen,
along with their Russian
counterparts.
In his address at Colum-
bia, the secretary also called
for other changes in the
wake of the historic Israeli-
Palestinian accord.
He addressed the question
of the longtime Arab boycott
of Israel, calling it
"illogical."
"The boycott is a relic of