The funds raised under the aegis of Egypt and Norway will be released to Palestinian Authority president Mahmud Abbas, said Norwegian Foreign Minister Boerge Brende, whose country heads the international coordination committee for aid to the Palestinians.
The Gaza Strip has been ravaged by more than a month of fighting that left 1,980 Palestinians dead and caused several billion dollars worth of damage in the territory.
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Norway noted that it was the third time in a few years that international donors will have been called on to finance Gaza reconstruction, and demanded new conditions.
"We cannot expect the international community to finance reconstruction once again without prior conditions," Brende said in a statement.
In particular, he called for an end to the eight-year-old Israeli blockade of Gaza and for security guarantees for civilians on both sides of the border.
"Keeping people hemmed in and on the brink of famine will not guarantee the security of Gaza's neighbours," he said.
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