The European Commission announces the launch of “Team Gaza Initiative” at the Palestine Donor Group meeting in Brussels. The initiative is designed to gather €883.6 million (about $1 billion) in financial contributions to support early recovery projects in Gaza. The Commission says the funding is aligned with a 2025 Gaza Peace Plan and focuses on ongoing and planned recovery efforts for people in the enclave.
The Commission describes the initiative as involving 12 European countries and Japan, working alongside international partners including the World Bank and the European Investment Bank. Multiple outlets report that the initiative includes more than a dozen partners in total.
Reporting also notes the broader context: Gaza remains in ruins more than two and a half years after the conflict began following the October 2023 attack on Israel by Hamas. A fragile ceasefire has been in place since last October, and the United Nations estimates rebuilding in Gaza would cost about $70 billion. The reported EU initiative is presented as one component of support directed at early recovery rather than the full scale of reconstruction costs.
