• Published 10:40 02.03.09
  • Latest update 11:42 02.03.09

Gaza donor conference: Who is pledging what

Palestinian Authority hopes to raise $2.78b; U.S. to pledge $900m, one-third earmarked for Gaza aid.

By Reuters Tags: Hamas Israel news Gaza

An international conference to help rebuild the Gaza Strip got underway Monday in the Egyptian Red Sea resort of Sharm el-Sheikh.

The Palestinian Authority had hoped to raise $2.78 billion in aid, including $1.33 billion to rebuild the coastal strip after Israel's three-week military offensive in January. Here are some of the pledges announced ahead of the one-day event.

  • Gulf Arab states plan to pledge $1.65 billion in aid over a period of up to five years.

  • The United States will pledge $900 million, of which $300 million will be earmarked for Gaza. The rest will be to support the Palestinian Authority's economic reforms and budget shortfalls.

  • The European Commission will pledge 436 million euros ($552.6 million) both to the reconstruction of Gaza and the reforms of the Palestinian Authority.

  • Britain said it would pledge £30 million ($43 million) to help rebuild Gaza's economy.

    Lebanese PM Fouad Siniora greeting Palestinian President Mahmoud Abbas ahead of a Gaza donor conference in Sharm el-Sheikh on Sunday.

    Photo by: (AP)
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