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PALESTINE

Sat 27 Jul 2024 2:02 pm - Jerusalem Time

EU provides €400 million in additional financial support to Palestine

The Palestinian government welcomed the European Union's response to its request for emergency financial support, which constitutes an important step to contribute to alleviating the stifling financial and economic crisis that our people are experiencing, which worsened after the Israeli aggression on Gaza.


The government said: After months of efforts, the European Commission has agreed to provide emergency financial assistance of €400 million in the form of grants and loans, which will be disbursed in three tranches over the coming months for various uses; as a contribution to alleviating the financial and economic crisis, and will be followed by additional deliberations to provide further financial support over the next two years.


The government considered the European emergency aid package and the financial stability plan that will follow it to be an important basis for strengthening the efforts of national institutions in providing their services to citizens.


She stressed that she is continuing her efforts to secure the participation of other international and Arab parties in the efforts to improve the financial and economic situation in Palestine, to enable it to fulfill its obligations towards public employees and service providers, and to pave the way for a new phase of economic recovery, empowering the private sector, and addressing the unemployment problem.


To ensure the desired financial stability, and to complete the efforts to improve the performance of the favorable legislative and institutional environment, the government stressed that it will continue to work on the precedent of efforts to improve the performance of public institutions and the transparency of their work, improve the quality of services provided to citizens, raise the efficiency of the justice system, provide the necessary social care for our people, combat unemployment, and improve the outcomes of the educational system and the level of health services.


In the same context, the government renewed its call on all international partners to exert more efforts and pressure to stop the war on our people in Gaza, the West Bank and Jerusalem, to accelerate emergency relief operations and to stop various Israeli measures, especially the continued deductions from the clearance revenues and the delay in paying them, preventing workers from reaching their places of work, and restrictions on movement and travel, all of which constitute a violation of international and humanitarian law and signed agreements.


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EU provides €400 million in additional financial support to Palestine