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

July 13, 2026 6:40 AM EDT

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo

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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