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EU Commission and Palestinian Authority agree on recovery and resilience principles

The EU Commission and the Palestinian Authority have signed a Letter of Intent which sets out a strategy for addressing the critical budgetary and fiscal situation of the Palestinian Authority and the Palestinian economy. Meanwhile, The EU deplores the resolution passed by the Knesset on 18 July opposing the establishment of a Palestinian state, even if part of a negotiated settlement with Israel.

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EIB Board of Directors backs €8.4bn of new financing

The Board of Directors of the European Investment Bank (EIB) today approved €8.4 billion of new financing to build homes and schools, harness renewable energy, upgrade water, transport and communications networks and bolster business innovation and growth in Europe and around the world.

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Main results of the EU Economic and Financial Affairs Council, 16 July 2024

The EU Ecofin Council discussed the implementation of the Recovery and Resilience Facility and approved Germany’s modified recovery and resilience plan including a new REPowerEU chapter. The Council took forward work on the European Semester. It discussed the existence of excessive deficits in several member states, and the economic and financial impact of Russia’s war against Ukraine.

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