UN-EU assessment says Gaza will need $71.4 billion over the next decade for recovery and reconstruction
The Facts
- The United Nations and the European Union said Gaza will need about $71.4 billion over the next decade for recovery and reconstruction.
- The estimate was published in the final Gaza Rapid Damage and Needs Assessment conducted with or in coordination with the World Bank.
- The assessment says $26.3 billion will be needed in the first 18 months to restore essential services, rebuild critical infrastructure and support economic recovery.
- The report estimates physical infrastructure damage in Gaza at $35.2 billion.
- The report estimates economic and social losses in Gaza at $22.7 billion.
- The assessment covers damage, losses, and recovery and reconstruction needs in Gaza after 24 months of conflict.
- The report says human development in Gaza has been severely set back, with one account citing a 77-year reversal.
Context
What is the Gaza Rapid Damage and Needs Assessment?
It is a final assessment released by the UN and EU, developed with or in coordination with the World Bank, that estimates Gaza's damage, economic and social losses, and recovery and reconstruction needs after 24 months of conflict Mirage News,DH.be,Straits Times.
How much money is needed immediately versus over the longer term?
The assessment estimates $71.4 billion will be needed over the next decade, including $26.3 billion in the first 18 months for essential services, key infrastructure rebuilding, and economic recovery Mirage News,Franceinfo,El Comercio Perú.
What kinds of losses does the report identify?
The report separates the toll into at least two major categories: $35.2 billion in physical infrastructure damage and $22.7 billion in economic and social losses Mirage News,Franceinfo,RTBF.
How left and right read it
A UN-EU assessment conducted with the World Bank puts Gaza’s recovery and reconstruction needs at $71.4 billion over the next decade, including $26.3 billion in the first 18 months just to restore essential services, rebuild critical infrastructure and support economic recovery. With $35.2 billion in physical damage, $22.7 billion in economic and social losses, and a severe setback to human development, the report underscores a long-term humanitarian and development crisis.
The UN and EU, working with the World Bank, estimate Gaza will require $71.4 billion over 10 years after 24 months of conflict, with $26.3 billion needed in the first 18 months for essential services, infrastructure and economic recovery. The scale of the damage — $35.2 billion in physical destruction and $22.7 billion in economic and social losses — highlights the enormous practical challenge of rebuilding after a severe reversal in human development.
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