EU launches $1B ‘Team Gaza Initiative’ to support early recovery efforts

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Palestinians inspect the widespread destruction in the area caused by an unmanned aerial vehicle (UAV) strike where the Israeli army targeted several buildings with an UAV on Industrial Street in western Gaza City, Gaza, Palestine, on July 12, 2026. [Khames Alrefi - Anadolu Agency]https://www.middleeastmonitor.com/wp-content/uploads/2026/07/AA-20260712-41959296-41959279-ISRAELI_ATTACKS_ON_GAZA_CONTINUE_IN_VIOLATION_OF_THE_CEASEFIRE.jpg" style="margin-bottom: 15px;" width="1200" />
The European Union on Monday officially launched the “Team Gaza Initiative,” bringing together €883.6 million ($1 billion) in financial contributions to support early recovery efforts in the Palestinian enclave, Anadolu reports.

The initiative was announced ahead of the second ministerial meeting of the Palestine Donor Group, hosted by the European Commission in Brussels and co-chaired by EU Commissioner for the Mediterranean Dubravka Suica and Palestinian Authority Prime Minister Mohammad Mustafa.

The meeting brought together representatives from 65 delegations, including EU members, partner countries, international organizations and financial institutions, to coordinate support for Gaza’s early recovery and discuss progress on the Palestinian Authority’s reform agenda.

The “Team Gaza Initiative” brings together contributions from the European Commission, European Investment Bank, World Bank, […]

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