Rebuilding the destructive Gaza Strip requires more than $50 billion in the United States: World Bank Joint Report

More than $50 billion in the U.S. rebuilding Gaza after Israel's 15-month campaign against Hamas will be needed, according to an assessment released by the United Nations, the EU and the World Bank on Tuesday.

Interim Rapid Damage and Needs Assessment (IRDNA) says $53.2 billion in the U.S. will need $20 billion in the next 10 years, compared with $20 billion in the first three.

According to Israeli, Israel's devastating military campaign in Gaza was in response to an attack led by Israeli on October 7, 2023, in which 1,200 people were killed and more than 250 were taken hostage. Israel's subsequent operations killed more than 48,000 people, displaced 1.9 million and left the enclave in ruins, according to Gaza health officials.

Years of reconstruction work, including the removal of unexploded ordinances and millions of wabbles, are right ahead.

The report released the report in a fragile ceasefire that began last month, warning that large-scale recovery and reconstruction efforts have not yet been achieved given the lack of ways to achieve post-war enclaves and what security and what security is going on. Arrange in place.

“The speed, scale and scope of recovery will be shaped by these conditions,” the report said.

Redevelopment costs of housing and infrastructure

More than 292,000 homes have been destroyed or damaged, 95% of hospitals are non-functional, while local economy earns 83%.

It said that to repair damage to buildings and other infrastructure (including housing) it would take approximately $15.2 billion to rebuild us, which would require the total estimated total cost of the reconstruction (or $29.9 billion).

It said that the health, education, business and industrial sectors were destroyed in the conflict, and another $19.1 billion of the United States was needed to compensate for social and economic losses.

“The recovery and reconstruction needs identified in this IRDNA ​​report are very broad,” the report states. “Funding will require a broad donor coalition, a diverse financing tool, private sector resources and delivery of reconstruction materials to Gaza in post-conflict times to the Gaza.”

On Tuesday, some construction equipment was also allowed to enter Gaza via Rafah Crossing, which is crucial for cleaning up.

Mobile homes for Gaza people were destroyed and nowhere to be found in winter weather, sitting in a truck at the intersection on Tuesday ready to enter the enclave. Israel will begin allowing them to be taken to Gaza, an Israeli official said.

Hamas accused Israel of delaying the delivery of these mobile homes and threatened to postpone the release of the hostages until the issue is resolved.

Restoring services is the first step

The report said the priority is social services such as health and education, as well as essential services in the water, telecommunications and energy sectors.

As the rubble is removed, special attention is needed when the bodies appear below destroyed houses and buildings. Palestinian health authorities estimate that as many as 10,000 people have been buried under the debris in Gaza.

The report estimates that Gaza's economy will also need to be rebuilt – although the Gaza Strip accounts for 40% of the Palestinian population in the Palestinian territory, the contribution of the enclave to the overall Palestinian economy has declined to 2024.

The assessment was coordinated with the Palestinian authorities monitoring the occupied West Bank. It also examined the spillover effect of the West Bank between October 2023 and October 2024 and found that the West Bank increased violence in the form of settler violence during this period and increased Israeli military invasion of residential areas.

Housing losses in the West Bank are estimated to be around $16 million, while losses in the West Bank healthcare infrastructure total $14.6 million.