EU and partners pledge $1 billion for early Gaza recovery

The European Union and international partners have pledged approximately 1 billion dollars to fund early recovery efforts in Gaza, officials announced on Monday, July 13, 2026. The funding was coordinated through the newly launched Team Gaza Initiative, unveiled at a meeting of the Palestine Donor Group in Brussels.

European Commissioner for the Mediterranean Dubravka Šuica announced the initiative, stating the objective is to help build hope, resilience and a better future for the Palestinian people. The funds, equivalent to nearly 900 million euros, are intended for projects to restore basic services, including water and sanitation infrastructure, debris and solid waste removal, and the reestablishment of health, energy, agriculture, and food systems. Officials acknowledged the pledged sum represents only an initial step, as broader United Nations and World Bank assessments estimate the total cost for Gaza's reconstruction could reach 70 billion dollars or more over the next decade.

The initiative brings together contributions from the European Commission, the European Investment Bank, the World Bank, and the governments of Spain, Denmark, the United Kingdom, Germany, Norway,...