The European Commission announced May 6 that it is increasing its 2011 assistance for the Palestinian territories by €85 million ($121.6 million). It has earlier approved €100 million for the territories under the European Neighborhood and Partnership Instrument.
The additional funding will be coursed through the Mécanisme Palestino-Européen de Gestion de l’Aide Socio-Economique, or PEGASE, the mechanism established by the European Union in February 2008 to deliver aid for the Palestinians. It will be used to pay salaries and pensions of vital workers, such as doctors, nurses and teachers, as well as finance social allowances for vulnerable Palestinian families.
In a news release, EU foreign affairs chief Catherine Ashton said the funding decision forms part of the bloc’s support toward the Palestinian Authority’s institution-building program.
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