Brussels - The European Commission held the second meeting of the Palestinian Donor Group in Brussels by launching the Gaza Initiative Team, which provides coordinated funding of 883.6 million euros (about Rp16.9 trillion or US $ 1.03 billion) to support Gaza's initial recovery.
Reported by ANTARA from WAFA, Tuesday, July 14, the funds will be used for the water and sanitation sector, debris cleaning, waste management, health, energy, agriculture, and food systems.
The initiative is supported by the European Commission, the European Investment Bank, the World Bank, as well as a number of countries, including Spain, Denmark, the United Kingdom, Germany, Norway, Finland, Italy, the Netherlands, France, Japan, Switzerland, Sweden, and Belgium.
Australia and Canada have also expressed an interest in joining the initiative.
The donor group meeting also resulted in additional funding commitments through the EU's PEGASE mechanism, with member states signing new contribution agreements worth 41.7 million euros (about US$48.7 million).
The funding complements the European Commission's previous commitment of 310 million euros (around US$362.3 million) through the PEGASE mechanism for the period 2026-2027.
The European Commission said the Gaza Initiative aims to coordinate international support to restore basic services and infrastructure in Gaza while complementing global efforts for the recovery of the Palestinian enclave, which was devastated by Israel's genocidal war crimes.
The European Commission also highlighted the Palestinian Authority's progress in carrying out governance, fiscal, public administration, social protection, education, and infrastructure reforms in accordance with its reform agenda.
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