REDWGRegional Economic Development Working Group
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In the multilateral negotiations which began in Moscow in 1992 the EU was assigned the role of chairing of the Regional Economic Development Working Group (REDWG).29 As pointed out by a scholar the EC was given this position for it was seen by the US as most suitable for playing the role of financier in the peace process and to serve as a model of successful regional economic cooperation.
One of the multilateral financial instruments in this regard was the REDWG focused on the larger region with many of the projects earmarked for the development of Palestinian territories and the setting up of links between the Palestinian economy and the rest of the region including in particular Egypt Israel and Jordan.
It was managed by American officials under an organizational element of Oslo's multilateral track known as the Regional Economic Development Working Group (REDWG).