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3w ago

EU Unveils €1.6 Billion Aid Plan for Palestinians with Governance Conditions

The aid package aims to stabilize the West Bank and Gaza through reforms, as Hamas signals readiness for hostage release in exchange for a Gaza ceasefire.

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Overview

  • The European Union announced a €1.6 billion aid package for Palestinians, extending through 2027, to support governance reforms and economic development.
  • The package includes €620 million in grants for the Palestinian Authority, €576 million for economic projects, and €400 million in loans via the European Investment Bank.
  • Aid disbursement is conditional on governance reforms within the Palestinian Authority, with some initial reforms already underway in the social sector.
  • Palestinian Prime Minister Mohammed Mustafa is set to meet EU ministers in Luxembourg to discuss the aid terms and required reforms.
  • Hamas has reiterated its willingness to release Israeli hostages in exchange for an end to the Gaza conflict, as diplomatic efforts for a ceasefire continue.