The European Commission said ​on Monday it ‌had launched an initiative with 15 ​partners to deliver €883.6 ​million ($1 billion) in aid ⁠to Gaza.

It ​said the “Team Gaza Initiative”, ​launched at the Palestine Donor Group meeting ​in Brussels, would ​support ongoing and planned ‌early ⁠recovery projects for the people of Gaza.

Twelve European countries ​and ​Japan ⁠joined the initiative, together with ​the World ​Bank ⁠and the European Investment Bank, the ⁠Commission ​said. ($1 = 0.8747 ​euros)