The Peace Fund will invest in programmes that advance a two-state solution, help reduce division, strengthen civil society, and support dialogue and cooperation within and between Israeli and Palestinian communities, building the foundations for peace, a joint statement between the three governments say.

...

The fund will seek to scale up and attract additional donors ⁠once operational.

...

Fund announced ahead of meeting in Britain between UK foreign ⁠minister Yvette Cooper and her Australian and Canadian ⁠counterparts, Penny Wong and Anita Anand.

[Edit typo.]

you are viewing a single comment's thread
view the rest of the comments

[–] TheFeatureCreature@lemmy.ca 10 points 1 week ago (1 children)

$4 million is enough to make it look like a lot money to the average person but not enough to actually do much at all. Even the most minor of domestic infrastructure projects would easily cost more than this; $4 million in today's economy is nothing, unfortunately.

Israel probably spends this amount per hour. Per minute during an active attack.

[–] Meron35@lemmy.world 2 points 1 week ago

Curious and looked it up.

The Bank of Israel reports indirect costs of $600 million per week (mainly due to work absences), while the Ministry of Finance reports daily direct costs of $246 million.

https://www.finance-monthly.com/gaza-war-economic-cost-2025/