The European Union offered to boost aid to the Palestinian Authority for rebuilding the Gaza Strip. E.U. official Benita Ferrero-Waldner said Wednesday that the 25-nation bloc, already the Palestinians’ biggest foreign donor, would be willing to increase aid focusing on Gaza if other countries do the same. The European Union currently plans to give the Palestinian Authority some $335 million for 2005. Ferrero-Waldner called for the Palestinian Authority to seize the opportunity of Israel’s recent Gaza withdrawal to become less economically dependent on the Jewish state, and to reform its financial institutions.
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