EU launches $1 billion Gaza recovery scheme with global partners

The European Commission convened the second meeting of the Palestine Donor Group to launch a $1 billion initiative for Gaza's early recovery, co-chaired with the Palestinian Authority.

This scheme includes partners from Spain, Denmark, Britain, Germany, Japan, and the World Bank to support post-war reconstruction. The initiative marks a significant step toward international efforts to restore Gaza's infrastructure and economy after the recent conflict.

  • represents the largest single donor pledge for Gaza reconstruction since 2024.
  • was first established in 2005 to coordinate international aid for Palestinian territories.
  • has relied on over $15 billion in international aid annually throughout the 2020s.

Israel-Hezbollah Conflict

Israel and Lebanon have signed a US-brokered framework agreement in Washington, conditional on Hezbollah's complete disarmament and withdrawal from southern Lebanon, while the Lebanese Armed Forces are set to establish exclusive control over designated pilot zones.

Israel-Hezbollah Conflict— full background & timeline