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, Anadolu reports. The Gaza Rapid Damage and Needs Assessment (RDNA) on Monday said $26.3 billion of that total will be needed in the first 18 months to restore essential services, rebuild critical infrastructure, and support economic recovery. The assessment estimated physical infrastructure damage in Gaza at $35.2 billion, while economic and social losses were put at $22.7 billion. It said the sectors hit hardest by the conflict were housing, health, education, commerce, and agriculture. According to the report, more than 371,888 housing […]