Key facts
- The European Commission launched the 'Team Gaza Initiative' with 15 partners.
- The initiative will provide €883.6 million ($1 billion) in aid for early recovery projects in Gaza.
- Partners include twelve European countries, Japan, the World Bank, and the European Investment Bank.
The European Commission announced the launch of the 'Team Gaza Initiative,' a collaborative effort with 15 partners aimed at delivering €883.6 million (approximately $1 billion) in aid to Gaza. The initiative was unveiled at the Palestine Donor Group meeting in Brussels and is designed to support early recovery projects for the Palestinian population.
Key participants in the 'Team Gaza Initiative' include twelve European countries, Japan, the World Bank, and the European Investment Bank. The funding is intended to address immediate needs and contribute to the rebuilding process in Gaza.