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

Al-Monitor — Jul 13, 10:46 AM

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.

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