More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published Monday.
In their final Gaza Rapid Damage and Needs Assessment (RDNA), the United Nations and the European Union said that more than two years of war in the Palestinian territory “has led to unprecedented loss of life and a catastrophic humanitarian crisis”.
“Recovery and reconstruction needs are estimated at around $71.4 billion,” said the assessment, developed in coordination with the World Bank. The final assessment determined that $26.3 billion would be required in the first 18 months to restore essential services, rebuild critical infrastructure and support economic recovery.
“Physical infrastructure damages are estimated at $35.2 billion, with economic and social losses amounting to $22.7 billion,” a joint statement said.
“The scale and extent of deprivation across living conditions, livelihoods/income, food security, gender equality, and social inclusion, have pushed back human development in the Gaza Strip by 77 years,” the assessment said.
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