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Checklist for a Peace Pact

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· The drafting of a comprehensive development plan for the West Bank that incorporates the support of the donor states.

· An endorsement of Lt. Gen. Keith Dayton's plan for reforming the Palestinian security forces.

· A "Marshall Plan" for economic reconstruction of the Gaza Strip based on private-sector investments in industry and tourism. The plan would take advantage of Gaza's educated, diligent population, as well as its natural assets and resources, specifically the $5 billion offshore natural gas reservoir. This would require the legitimate and internationally recognized government of Salam Fayad to restore its authority over Gaza. Such a plan cannot be implemented under the terrorist regime of Hamas. A Dubai-like economy cannot exist under Mogadishu-style governance.

Neither the Bush administration nor the Israelis and the Palestinians can afford anything less than real progress. A conference that produces a good show but no tangible results will ultimately disappoint. In the past, in this volatile region, frustration has led to violence and destruction. Serious preparation, commitment and bold leadership are indispensable.

The writer is a member of the defense and foreign affairs committee of the Israeli parliament and until recently was deputy minister of defense.

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