More than $ 50 billion will be needed to rebuild after the 15-month conflict between and at the Palestinian enclave, according to a joint assessment released by the United Nations, the European Union and the World Bank on Tuesday.
The rapid interim evaluation of damage and needs (IRDNA) said it requires $ 53.2 billion for the recovery and reconstruction of the enclave over the next ten years, with US $ 20 billion demanded in the first three years.
Israel’s military campaign in Gaza was launched in response to Hamas led attack on October 7, 2023, in which 1,200 people were killed and more than 250 hostages, according to Israeli records. Israel’s operation killed more than 48,000 people, according to Gaza’s health officials, and left the enclave in ruins.
Years of reconstruction work, which will include the removal of non -detonated explosive artifacts and millions of tons of rubble are coming.
The report, published in the midst of a fragile ceasefire that began last month, warned that there was still no conditions for the start of large-scale reconstruction and reconstruction due to lack of clarity on how the enclave will be administered after the war and What will be the security measures.
“The speed, scale and scope of recovery will be shaped by these conditions,” he said.
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The assessment found that more than 292,000 homes were destroyed or damaged and 95% of hospitals are not working, while the local economy was contracted by 83%.
More than half of the estimated total cost for reconstruction, or $ 29.9 billion, will be necessary to repair damage to buildings and other infrastructures, including housing, which will require about $ 15.2 billion to be rebuilt, he said.
Another US $ 19.1 billion will be needed to compensate for social and economic losses, including the health, education, commerce and industry sectors devastated by the conflict, the document said.
