The European Commission's new 'Gaza Initiative' for the Strip, worth €884 million, is supported by 12 countries, the European Investment Bank, and the World Bank, according to Channel 12.
The European Commission announced a 'Gaza Initiative' worth €884 million for investment in the Gaza Strip, as reported by Channel 12. The initiative is backed by 12 countries, the European Investment Bank, and the World Bank. As The Zioneer reported earlier today, this is a significant multilateral commitment to Gaza's economic development. The details of the investment plan, including its timeline and specific projects, have not yet been disclosed.
2 developments
- StrongGaza reconstruction estimated at $70 billion to begin soon under 'Board of Peace'
- StrongUK, Australia and Canada commit £3 million to new Israeli-Palestinian peace fund
- DevelopingCanada announces $100 million additional aid for Palestinians via UN and Red Cross
- DevelopingNew advocacy group's report accuses NGOs of exploiting Gaza suffering to raise funds
Source and signal
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