Brussels – The European Union has pledged approximately €88 million in financial assistance to the Palestinian Authority (PA). The announcement was made on Thursday following a donor conference held in Brussels.
Dubravka Šuica, the European Commission Vice-President for Democracy and Demography, stated in a press briefing that agreements exceeding €82 million had been signed, supplementing a previously announced allocation of €6 million. Šuica emphasized that all EU support to the PA is contingent upon the implementation of a comprehensive reform program.
The donor conference in Brussels convened approximately sixty delegations, including representatives from the 27 EU member states, Arab nations, and various international organizations. Discussions centered on the current financial challenges facing the Palestinian Authority and strategies for sustainable economic development.
Palestinian Prime Minister Mohammad Mustafa addressed the gathering, urging donor nations and international partners to exert pressure on Israel to release withheld clearance revenues. He also requested immediate and direct budgetary support for a six-month period, including mechanisms to guarantee bond issuance for Palestinian banks to improve liquidity and public debt management.
The EU’s commitment underscores its continued support for the Palestinian Authority and its efforts to build a viable and stable Palestinian state. The funds are expected to be utilized to support key sectors such as education, healthcare, and infrastructure development. The disbursement of funds will be closely monitored to ensure compliance with the agreed-upon reform agenda.
The pledge comes at a crucial time as the Palestinian Authority grapples with ongoing economic and political challenges. The international community’s engagement remains vital to fostering stability and progress in the region.
This financial aid package signals a renewed commitment to supporting the Palestinian people and promoting a peaceful resolution to the Israeli-Palestinian conflict.
