The European Union (EU) plans to increase financial support for the Palestinian Authority (PA) to 1.6 billion euros ($1.8 billion), the European Commissioner announced on Monday.
European Commissioner for the Mediterranean Dubravka Šuica announced that the EU will increase its funding for the PA with a three-year package of 1.8 billion dollars, European news outlets reported.
Šuica reportedly said that the EU would expect some changes from the PA in exchange for the funds.
She noted that they would closely monitor the reforms implemented by the PA, with good governance being of “the utmost” importance.
“We regret the breakdown of the ceasefire,” Šuica added, stressing that it was the first prerequisite for its continuation.
She also stated that the EU should not be alone in providing financial support, calling on Arab countries to participate.
Šuica further announced that she would launch a donor platform in this regard in the coming weeks.
“We are stepping up our support for the Palestinian people. €1.6 billion by 2027 will help stabilize the West Bank and Gaza,” High Representative for Foreign Affairs and Security Policy Kaja Kallas wrote on X.
She stressed that the EU would invest in basic infrastructure while providing humanitarian aid and support for refugees.
“We are a long-standing partner of the PA,” she added.
