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Over US$71 Bn Needed over Next Decade to Rebuild Gaza: UN, EU
The assessment says $26.3 billion is needed in the first 18 months to restore services and rebuild critical infrastructure.
- On Monday, the European Union and United Nations released their final Gaza Rapid Damage and Needs Assessment, estimating that more than $71 billion will be required over the next 10 years for Gaza's recovery and reconstruction.
- Physical infrastructure damages are estimated at $35.2 billion, with economic and social losses amounting to $22.7 billion; the conflict has pushed back human development in the Gaza Strip by 77 years.
- Gaza's economy has contracted by 84 percent during the conflict, and the report found that $26.3bn will be required within the first 18 months to restore essential services and rebuild critical infrastructure.
- Both the United Nations and European Union asserted that reconstruction must be Palestinian-led, rebuking earlier hints from United States President Donald Trump that Gaza could be cleared and rebuilt as a resort.
- EU foreign policy chief Kaja Kallas confirmed that ministers will discuss a joint call by Ireland, Spain, and Slovenia to review the EU-Israel Association Agreement, signaling diplomatic tensions over reconstruction governance.
34 Articles
34 Articles
The reconstruction of Gaza will cost 71.4 billion dollars over the next ten years, equivalent to 60.5 billion euros. That is the conclusion of the final “damage and…
Gaza needs $71.4B over next decade for recovery, reconstruction
Gaza will require an estimated $71.4 billion over the next 10 years for recovery and reconstruction following 24 months of conflict, according to a final joint assessment released Monday by the EU, the UN, and the World Bank.
Joint study with the World Bank quantifyes the damage: 371,000 homes destroyed, 84% economic contraction and 1.9 million displaced after 24 months of conflict.
The United Nations and the European Union announced, on Monday, that it will take US$ 71.4 billion (R$ 355 billion, at the current rate) to rebuild the Gaza Strip over the next decade, according to estimates from a study conducted with the World Bank. UN data: Gaza War killed an average of 47 women and girls per day Guga Chacra: Netanyahu wants to transform southern Lebanon into Gaza "This assessment considers the damage, economic losses and the…
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