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UK, Australia and Canada launch $4 million fund for Israeli-Palestinian peace efforts - Headlines news and analysis from Global Banking & Finance Review
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UK, Australia and Canada launch $4 million fund for Israeli-Palestinian peace efforts

Published by Global Banking & Finance Review

Posted on June 10, 2026

1 min read

· Last updated: June 10, 2026

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Finance Banking International Relations Peace Initiatives

UK, Australia, Canada Commit $4 Million to Israeli-Palestinian Peace Initiatives

Launch of the Peace Fund and Key Details

Introduction to the Peace Fund

LONDON, June 11 (Reuters) - Britain, Australia and Canada on Thursday launched a peace fund to complement broader efforts towards a two-state solution to the Israeli-Palestinian conflict, with each country contributing £1 million ($1.34 million) to the initiative.

Key Details of the Fund

Below are key details about the fund as set out by the British government:

Focus Areas

• The fund will focus on new and existing grassroots projects - particularly those that include youth groups, civil society organisations and women.

Funding and Expansion

• The £3 million fund will seek to scale up and attract additional donors once operational.

Announcement and Diplomatic Meeting

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

Currency Exchange Rate

($1 = 0.7458 pounds)

Reporting Credits

(Reporting by Sam Tabahriti; editing by William James)

Key Takeaways

  • The fund targets new and existing grassroots initiatives emphasizing youth groups, civil society and women’s participation.
  • Each of the three contributing governments—UK, Australia and Canada—added £1 million, with an aim to expand through additional donors.
  • The launch precedes a trilateral meeting between British Foreign Secretary Yvette Cooper, Australia’s Penny Wong and Canada’s Anita Anand, reinforcing diplomatic momentum toward a two‑state solution.

Frequently Asked Questions

What is the purpose of the UK, Australia and Canada peace fund?
The fund supports grassroots and civil society projects to promote Israeli-Palestinian peace, focusing on youth and women.
How much money has been committed to the peace fund?
Each country is contributing £1 million, totaling £3 million ($4 million).
Who announced the launch of the peace fund?
The fund was announced by the UK foreign minister ahead of a meeting with Australian and Canadian counterparts.
What types of projects will the peace fund support?
The fund will focus on new and existing grassroots initiatives, particularly involving youth, women, and civil society organizations.
Will the fund seek additional donors?
Yes, the initiative plans to scale up and attract additional donors once operational.

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