EU announces 1.6 billion euro aid package for Palestinians| West Bank, Jerusalem and Gaza| N18G

The European Union announced a financial aid package of up to 1.6 billion euros ($1.8 billion) to support the Palestinian Authority and fund development in the West Bank, East Jerusalem, and Gaza. The package, spanning two years, includes direct budget support aimed at enhancing financial sustainability, democratic governance, and essential public services. A significant portion—576 million euros—will fund projects across multiple sectors, while 82 million euros is allocated to the U.N. agency for Palestinian refugees. The EU will also offer up to 400 million euros in low-cost loans to boost the private sector. The initiative comes as Israel expands its military offensive in Gaza. EU officials highlighted the importance of helping Palestinians build a sustainable future and resilient economy. Palestinian Authority Prime Minister Mohammad Mustafa, speaking at the press conference, urged the international community to provide clarity and support rather than assign blame amid the ongoing crisis. #eu #palestine #gaza #westbank #jerusalem #humanitarianaid #middleeast #euaid #palestinesupport #gazaaid Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news.