EU releases 300 million euros in aid to Palestine

March 25th, 2008 - 11:58 pm ICT by admin  

Xinhua
Brussels, March 25 (Xinhua) The European Union has provided 300 million euros ($467 million) in aid to the Palestinians to help finance humanitarian activities and to carry out reform and development projects in violence-hit region, the European Commission announced here Tuesday. “I am very pleased that the European Commission is largely fulfilling its pledge for the Palestinians only three months after the Paris donor conference,” said Benita Ferrero-Waldner, Commissioner for External Relations and European Neighbourhood Policy.

“Once again this shows our strong commitment to support the Palestinian Authority (PA) in its quest for improving the lives of the Palestinian people toward a peace agreement with Israel,” she added.

Of the sum, about 176 million euros ($274 million) will be used to allow the “continued delivery of essential public services”, which is the highest priority of the PA.

The fund will help the PA meet its obligations towards civil employees, pensioners and vulnerable sectors of Palestinian society, as well as maintain the functioning of the administration and the provision of essential public services and utilities such as electricity.

The money will also help the PA clear its arrears to the private sector. All of these activities will support the people in Gaza as well as the West Bank, according to the commission.

About 14 million euros ($22 million) will be spent on institution building and 37 million ($58 million) will be used for public infrastructure programmes.
Xinhua

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