Last updated on: 6/25/2008 3:32:00 PM PST
How Much Financial Assistance Does the European Union Provide to the Palestinians?
General Reference (not clearly pro or con)
The Funding for Peace Coalition, on its website, EUFunding.org, a section (accessed Jan. 8, 2007) titled "European Aid to Palestinians Breaches Quartet Policy," stated:
"The [Palestinian Ministry of Finance] reports reveal that March 2006 reflected the second highest month of direct international aid transfers since the accounts began to be published in January 2003. Of the total of $115m, $42m was provided by the EU and $0.2m came from the World Bank."
Jan. 8, 2007 - Funding For Peace Coalition (FPC)
Reuters, in a May 9, 2007 article posted online to Reuters Alertnet and titled "EU MPs Urge Restart of Direct Aid to Palestinians," stated:
"Despite the ban on direct aid to the Palestinian government, the European Union remains the biggest donor to the Palestinians.
It increased aid from 500 million to 700 million euros ($947.6 million) last year, paying subsistence allowances to 150,000 families and keeping essential services going through a mechanism designed to bypass Hamas.
EU aid Commissioner Louis Michel said last month the bloc was likely to increase aid targeted at the poorest Palestinians this year because hardships had increased.
But he said it would maintain its embargo on all but vital humanitarian aid until Hamas met the Quartet's conditions."
May 9, 2007 - Reuters
The European Union website (Europa), in a Feb. 2004 overview of the EU's relations with the West Bank and Gaza Strip, contained the following regarding the EU's aid to the Palestinians [June 1, 2004 Exchange rate: 1 Euro = US $1.22]:
"Aid to the Palestinians in 2004
This year, assistance to the Palestinians from the European Community Budget is set to amount to around €250 million [~$305 million]. This includes a package for the West Bank and Gaza just approved by the European Commission for €124.25 million [~$151.6 million]. Today’s announcement will be followed by the immediate release of a first contribution of €26m [~$31.7 million] to the new Public Financial Management Reform Trust Fund established by the World Bank. The West Bank and Gaza Strip continue to suffer from a severe economic recession. Income levels have dropped severely and the level of suffering is unprecedented. In response to this, the 2004 programme pursues two objectives: addressing urgent needs and contributing to the creation of a viable and democratic Palestinian state.
Commissioner for External Relations, Chris Patten said: 'I am particularly pleased to be contributing to the new World Bank Trust Fund. I am keen for other donors to follow suit which will enable the whole donor community to build on the EU’s record of achieving Palestinian Authority reform by attaching clear conditions to the delivery of financial assistance'.
Money has been set aside, but not yet committed for:
The package approved today comes on top of around €128 million [~$156.2 million] already earmarked through the following programmes:
Feb. 2004 - European Union (EU)