(Reuters) - International donors pledged $4.481 billion in aid on Monday to help the Palestinian economy and rebuild the Gaza Strip at a conference in the Egyptian Red Sea resort of Sharm el-Sheikh.
The Palestinian Authority had hoped to raise $2.78 billion in aid, including $1.33 billion to rebuild the coastal strip after Israel’s three-week military offensive in January. Here are some of the pledges announced at the one-day event.
* The United States pledges $900 million, of which $300 million is earmarked for Gaza. The rest will support the Palestinian Authority’s economic reforms and budget shortfalls.
* The European Commission pledges 440 million euros ($554.1 million) for the reconstruction of Gaza and Palestinian Authority reforms.
* Gulf Arab countries pledge $1.65 billion, including $1 billion from Saudi Arabia, $250 million from Qatar, $174 million from the United Arab Emirates, $23 million from Bahrain. All Gulf Arab contributions would go through a program announced in the Saudi capital Riyadh on Sunday.
* Japan pledges $200 million.
* Italy pledges $100 million.
* Turkey pledges $50 million, in addition to $43 million raised from private donations.
* Brazil pledges $10 million.
* Lebanon pledges $1 million.
Writing by Alaa Shahine and Alastair Sharp