New Delhi, July 14 -- $1 billion, announced Monday at a donor conference at the European Commission headquarters in Brussels.

Dubravka Suica, the EU Commissioner for the Mediterranean, introduced the "Team Gaza Initiative" before representatives from more than a dozen countries, among them Spain, France, Germany, the United Kingdom, Norway, Japan, and Switzerland. "Our objective is clear," Suica said, "to help build hope, resilience and a better future for the Palestinian people." Australia and Canada were expected to confirm their participation in the coming days, Al Jazeera reported.

The fund, equivalent to approximately 900 million euros, is earmarked for water and sanitation infrastructure, debris clearance, health system restoratio...