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

Cyprus Mail · 2026-07-13

AI SUMMARY

• What happened: The European Commission and over a dozen countries launched the "Team Gaza Initiative," pledging €883.6 million (approximately $1 billion) in aid to help Gaza recover from the devastation caused by the conflict that began with the October 2023 attack by Hamas. • Why it matters: This initiative aims to address urgent humanitarian needs in Gaza, where nearly the entire population of 2 million is displaced and living in dire conditions, while the total cost of rebuilding is estimated at $70 billion. • What to watch next: The effectiveness of the initiative will depend on coordination among participating nations and organizations, as well as the evolving political and security situation in Gaza, particularly regarding Israeli control and the fragile ceasefire.

**EU and Partners Launch $1 Billion Initiative for Gaza Recovery**

Brussels, Belgium – In a significant move to aid the recovery of Gaza, the European Commission, alongside more than a dozen countries, announced on Monday the launch of a new initiative aimed at delivering €883.6 million (approximately $1 billion) in aid projects. This initiative comes in response to the extensive devastation experienced in Gaza, which has remained largely in ruins more than two and a half years after the outbreak of conflict triggered by the October 2023 attack on Israel by the Palestinian militant group Hamas.

The initiative, named the "Team Gaza Initiative," was unveiled during a meeting of international aid donors in Brussels. It aims to support a variety of essential projects, including the restoration of water and sanitation systems, debris removal, and the re-establishment of health services in the region. The European Commission emphasized the urgent need for these projects, given the dire humanitarian situation in Gaza.

Dubravka Suica, the European Commissioner for the Mediterranean, highlighted the initiative's objectives, stating, "Our objective is clear: to help build hope, resilience, and a better future for the Palestinian people." This statement underscores the commitment of the European Union and its partners to provide meaningful support to the affected population.

The initiative has garnered participation from several countries, including Spain, Denmark, Britain, Germany, Norway, Finland, Italy, the Netherlands, France, Japan, Switzerland, Sweden, and Belgium. Additionally, the World Bank and the European Investment Bank are also involved in this collaborative effort. Australia and Canada are expected to join the initiative in the near future, further expanding the coalition of support for Gaza.

Despite the positive steps taken with the launch of this initiative, the situation in Gaza remains critical. The United Nations has estimated that the total cost of rebuilding efforts in the enclave could reach approximately $70 billion, highlighting the extensive resources needed to address the damage inflicted during the conflict. The ongoing challenges include the displacement of nearly the entire population of Gaza, which numbers around 2 million people. Many residents are currently living in tents or damaged structures, struggling to cope with the harsh living conditions.

The fragile ceasefire that has been in place since last October offers a glimmer of hope for the people of Gaza, but the region remains under significant control by Israeli forces. Reports indicate that Israeli troops patrol nearly 70% of Gaza, establishing what Prime Minister Benjamin Netanyahu describes as a buffer zone to deter further attacks from Hamas. Netanyahu has made it clear that Israel does not intend to withdraw from this territory, complicating the recovery and rebuilding efforts.

As the international community rallies to support Gaza's recovery, the "Team Gaza Initiative" represents a concerted effort to address immediate humanitarian needs while laying the groundwork for long-term stability and development in the region. The collaboration among various nations and organizations underscores the shared commitment to assist the Palestinian people in rebuilding their lives and communities in the aftermath of conflict.

The success of this initiative will depend on effective coordination among the participating countries and organizations, as well as the ability to navigate the complex political and security landscape in Gaza. As the situation evolves, the international community will continue to monitor developments closely, aiming to provide the necessary support to facilitate recovery and promote peace in the region.

Source: Cyprus Mail
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