HomeEUEU and partners launch $1 billion scheme to help Gaza recover from...

EU and partners launch $1 billion scheme to help Gaza recover from war

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BRUSSELS, July 13 (Reuters) - The ‌European Commission and more than a dozen countries launched ​an initiative on Monday to deliver €883.6 million ($1 billion) in aid projects to help Gaza ⁠recover from war.

The small coastal enclave remains in ruins more than 2-1/2 years after the conflict was triggered by the October 2023 attack on ​Israel by Palestinian militant group Hamas. A fragile ceasefire has been in place since last ‌October, and the United Nations has estimated the cost of rebuilding work in Gaza at around $70 billion. 

The "Team Gaza Initiative", launched at a meeting of aid ⁠donors in Brussels, will support projects such as restoring water ⁠and sanitation, removing debris and re-establishing health systems, the Commission said in a statement.

Spain, Denmark, Britain, Germany, Norway, Finland, Italy, the Netherlands, France, Japan, Switzerland, Sweden and Belgium, the World Bank and the European Investment Bank are ‌taking part in the initiative, along with the Commission itself, the statement ⁠said. Australia and Canada are also expected to ‌join.

"Our objective is clear: to help build hope, ​resilience and a better future for the Palestinian people," said Dubravka Suica, the European Commissioner for the Mediterranean.

The European Commission did not provide a ‌breakdown of how much each partner would contribute ​to the new initiative.

Israel's devastating ⁠aerial and ground bombardment of Gaza displaced nearly the entire ‌population of 2 million people, most ⁠of whom now live in tents or damaged buildings in a greatly reduced coastal strip of territory governed by Hamas.

Israeli troops control nearly 70% of ​Gaza, patrolling what Prime Minister ‌Benjamin Netanyahu describes as a buffer zone to deter Hamas attacks. Netanyahu ⁠says Israel will not withdraw from ​the territory.

($1 = 0.8747 euros)

(Reporting by Bart Meijer and Andrew Gray; editing ​by Philip Blenkinsop and Hugh Lawson)

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