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.
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The fund will seek to scale up and attract additional donors once operational.
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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.]
It’s better than nothing, but in this day and age $4 million feels like peanuts. Israel is probably spending $4 million a day bombing the shit out of them.
$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.
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/
It’s not the end of the story, and as you say, it’s a a step in the right direction at least. And it’s much better than what the US does, or what Russia and China do in their hemispheres.
Yeah, it looks like the goal here is to get the thing set up to provide an option for other nations to pour resources into.