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Donors Promised $ 5.4 billion Aid for Gaza Reconstruction

Donors from around the world have pledged to contribute $ 5.4 billion for the rebuilding the war-ravaged Gaza Strip at the end of a multinational conference held Sunday in Cairo.

donorsThe conference, which was co-chaired by Norway and Egypt, was attended by Egyptian president Abdelfatah Al Sissi, Palestinian president Mahmoud Abbass, UN Secretary General, US secretary of State, John Kerry, Russia’s Foreign Minister Mikhail Bogdanov and many other world leaders and top diplomats from Europe, the Arab world and Asia.

Delegates representing 20 regional and international organizations also attended the conference convened to raise money to aid the Gaza.

Qatar promised $1 billion for the reconstruction of the Palestinian enclave, the European Union pledged $568 million, Saudi Arabia $500 million, the United Arab Emirates $200 million and Turkey $200 million.

The United States said it would give the Palestinians $212 million in immediate assistance, while Germany said it would contribute $63 million, France pledged $ 50.5 million and Great Britain promised $32 million for reconstruction of the besieged coastal Gaza strip.

Conference organizers hope the pledges will be paid over a three-year period to aid reconstruction in Gaza, which has borders with Israel and Egypt. Both countries have closed their borders with Gaza since Hamas took power there in 2007, causing the territory of 1.8 million people economic hardship and high unemployment.

Donors will give the money to the Palestinian Authority and government, bypassing Palestinian militant group of Hamas.

During last summer’s war launched by Israel against Hamas, more than 2,200 Palestinians, mostly civilians were killed, 11,000 others were wounded, and some 100,000 people are left homeless.

Short URL: https://me-confidential.com/?p=8633

Posted by on Oct 13 2014. Filed under Headlines, World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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