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European Union launches billion-dollar initiative to support Gaza's recovery
The European Commission has launched a initiative valued at approximately one billion dollars to support Gaza's recovery. This includes financial assistance amounting to 883.6 million euros (around one billion dollars) aimed at supporting early recovery projects in the sector. The initiative comes during the Palestine Donors Group meeting in Brussels and involves 12 European countries, along with Japan, the World Bank, and the European Investment Bank.
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