Of $5.4 billion pledged for Gaza, only a fraction delivered

December 19, 2014 10:15 AM

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Of $5.4 billion pledged for Gaza, only a fraction delivered

GAZA (Reuters) - Two months after donors pledged $5.4 billion to help rebuild Gaza after the war between Israel and Hamas, Palestinian, U.N. and other officials say barely 2 percent of the money has been transferred.

The conference in Cairo had been hailed as a success, with Qatar promising $1 billion, Saudi Arabia $500 million and the United States and the European Union a combined $780 million in various forms of assistance.

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