EU offers financial support to Palestinians

Sept. 9, 2013 at 10:05 AM

BRUSSELS, Sept. 9 (UPI) -- The European Union said Monday it was offering $68.5 million in financial aid to Palestine to support a two-year national development plan.

"I am pleased to announce this assistance package to support Palestinian economic development on the day that the Palestinian Prime Minister [Rami] Hamdallah is here in Brussels," EU foreign policy chief Catherine Ashton said in a statement.

The EU said the package was aimed to supporting private sector jobs, Palestinian infrastructure and small capital investments in East Jerusalem as spelled out in a two-year development plan.

Ashton said the EU was committed to Palestinian state-building processes. Palestinian leaders gained more recognition from the U.N. General Assembly last year.

"The ultimate objective of the EU's financial assistance remains the establishment of a Palestinian state living side by side with Israel in peace and security," Ashton said.

U.S. Secretary of State John Kerry tried to put more diplomatic capital behind a stalled Israeli-Palestinian process earlier this year. U.N. Secretary-General Ban Ki-moon said 2013 would be a decisive year for a two-state solution to the crisis.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting