19.02.2025 14:12
According to a joint report by the United Nations, the European Union, and the World Bank, $53.2 billion is needed for recovery and reconstruction efforts in Gaza and the West Bank over the next 10 years. Israeli attacks caused $49 billion in damage between October 8, 2023, and October 8, 2024.
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The joint report of the United Nations, the European Union, and the World Bank states that a budget of 53.2 billion dollars is needed for recovery and reconstruction efforts in Gaza and the occupied West Bank over the next 10 years. The report titled "Gaza and West Bank Rapid Damage and Needs Assessment," prepared by the United Nations, the European Union, and the World Bank, has been published. The report indicates that Israel's attacks on Gaza have caused 49 billion dollars in damage between October 8, 2023, and October 8, 2024.
REBUILDING AFTER DESTRUCTION TAKES 10 YEARS
It is stated that a budget of 53.2 billion dollars is necessary for recovery and reconstruction efforts in Palestinian territories (Gaza and the West Bank) over the next 10 years, with approximately 20 billion dollars needed in just the first 3 years. It was noted that 29.9 billion dollars, which corresponds to more than half of the total cost of reconstruction, is required solely for the repair of physical infrastructure (damaged buildings and other essential infrastructure). Additionally, it was reported that 15.2 billion dollars (30% of the total cost) is needed for the reconstruction of housing. It was mentioned that during Israel's 15-month-long attacks on Gaza, housing was the most affected sector, with more than 292,000 homes either destroyed or damaged, accounting for 53% of the total destruction.
COMPENSATION FOR SOCIAL AND ECONOMIC LOSSES IS 19.1 BILLION DOLLARS
The report also emphasized that an additional 19.1 billion dollars is needed to compensate for the social and economic losses caused by the severe damage in the health, education, trade, and industry sectors in Gaza. It was reported that 95% of hospitals in Gaza have become non-functional, and the local economy has contracted by 83%.
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