The Conference on Jewish Material Claims Against Germany said the agreement reached with the Finance Ministry late yesterday would provide one-time payments of 2,500 euros (USD 3,280) for Jewish children who were in concentration camps, ghettos or spent at least six months in hiding.
The Finance Ministry today confirmed the agreement but refused to provide further details.
The payment comes in addition to other compensation they may have received, and represents the first time the German government has recognised the unique problems facing child survivors, said Claims Conference executive vice president Greg Schneider, who was involved in the negotiations.
Schneider estimated that some 75,000 survivors around the world could qualify for the payments, designed to help them with physical and psychological problems stemming from childhood malnutrition and emotional trauma.
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Because so many survivors lost most, if not all, relatives in the Holocaust, many lack family support in their old age and have no inherited wealth to help them, Schneider noted.
The fund is expected to become operational January 1.
Also starting in January, Germany is providing the Claims Conference with 205 million euros to begin paying for home care help for Holocaust victims, according to a previous agreement. An additional 210 million euros will be paid in 2016, and 215 million euros in 2017.
Compensation has evolved continuously since Germany agreed in 1952 to make payments, with annual negotiations between the Claims Conference and the German government on who should receive funds and how much will be paid.
"There's no amount of money that can ever compensate for what happened to a person during the Holocaust, but even a symbolic acknowledgement is extraordinarily important," Schneider said.