Israel May Be Signaling A Major Shift In Policy Toward The Palestinians

A couple of weeks ago, news broke that the Israelis applied to the IMF for a bridge loan on behalf of the Palestinian Authority ($100 million out of $1 billion the PA requested). Though the IMF turned them down, this is a big, underreported development.

I have spoken to several sources in the business and political activist communities on both sides, and they all say this is major and that events are clearly moving in a new direction on the ground. Even if we consider simply how chilly the official relationship has been recently — Abbas applying unilaterally to the UN last year — and how unlikely the Palestinians are to repay, this is a significant financial liability Israel has volunteered to undertake, and indicates some important new development underway.

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