The International Donor Group for Palestine will meet on January 31, announced meeting chair Norway on Wednesday.
The gathering will be aimed a reviving peace talks with Israel, Norway's foreign ministry said in a statement.
"There is an urgent need to bring all parties together to discuss measures to speed up efforts that can underpin a negotiated two-state settlement," it added.
The 15-member International Donor Group for Palestine, including the United States, usually meets at ministerial level once a year, with the most recent session in September.
Norway's Prime Minister Erna Solberg is due to meet US President Donald Trump in Washington later on Wednesday for talks that she says will include Middle East peace, climate change and trade.
The ministerial-level meeting in Brussels would be hosted by European Union foreign policy chief Federica Mogherini and chaired by Norwegian Foreign Minister Ine Eriksen Soereide.
Peace efforts between the Palestinians, Israeli and US have taken a hit after Trump recognized on December 6 Jerusalem as the capital of Israel.
The move sparked outcry throughout the Arab and Muslim world.
Palestinian officials condemned the move, with President Mahmoud Abbas announcing that the US had “disqualified” itself from the peace efforts.
A visit by US Vice President Mike Pence to the region later this month is being boycotted by Palestinians.