; (2) strengthening engagement between the Palestinian territories, the United States and Israel in the areas of economic development and people-to-people peacebuilding programs will— (A) increase the bonds of friendship and understanding between the people living in the Palestinian territories and the people of the United States and Israel; and (B) advance the state of research and development in multiple sectors to the benefit of all parties; (3) cooperation between the business sectors of the Palestinian territories, the United States and Israel will benefit the Palestinian, American, and Israeli people and should be encouraged; and (4) United States and international support for grassroots, people-to-people efforts aimed at shared reconciliation and fostering tolerance can help counter extremist propaganda and the growing issue of incitement. 4. Partnership Fund for Peace (a) Establishment (1) In general The Administrator of the United States Agency for International Development, in consultation with the Secretary of State and the Secretary of the Treasury, shall establish the Partnership Fund for Peace (referred to in this section as the Fund ), which— (A) shall be funded with amounts appropriated pursuant to section 5