Only 2 percent of $5.4 billion pleged to rebuilding Gaza delivered

Two months after donors pledged $5.4 billion to help rebuild Gaza after the war between Israel and Hamas, Palestinian, UN and other officials say barely 2 percent of the money has been transferred.

The conference in Cairo had been hailed as a success, with Qatar promising $1 billion, Saudi Arabia $500 million and the United States and the European Union a combined $780 million in various forms of assistance.

Half was expected to go to rebuilding houses and infrastructure in Gaza destroyed during seven weeks of fighting, and the rest to support the Palestinian budget.

But of the total, only $100 million or so has been received, according to UN and other officials. While the EU and the United States have accelerated some funding that was already in the pipeline, very few new pledges have come to fruition. 
 [haaretz.com by Reuters]
19/12/14
--
-
Related:

• Palestinian Prime Minister Says Gaza Reconstruction Possible if Israel Removes Blockade

• ‘Clock is ticking’ for Gaza; pledges for aid, reconstruction must be honoured – Ban ...

• UN chief in Gaza to launch reconstruction process. (Constructions raw-material will be allowed to the Gaza Strip)

• In Cairo, Ban urges parties to Gaza conflict to end "cycle of building and destroying"

• Qatar pledges $1bn for Gaza reconstruction. (John Kerry earlier pledged $212m.)

• Global donors pledged hundreds of millions in aid to the devastated Gaza Strip on Sunday despite warnings the battered Palestinian enclave remained a "tinderbox" after its summer war with Israel.