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The European Union sent the first payment worth 150 million ($162 million) from a 400-million emergency fund to the Palestinian Authority (PA) on Wednesday. The fund supports a substantial reform agenda and paves the way for the recovery and reconstruction of Gaza, European Commission President Ursula von der Leyen said in a statement. Composed of loans and grants, the commission announced the financial aid for the PA earlier in July with two more payments scheduled in August and September. These payments are subject to progress by the PA in carrying out reforms, the commission stressed.