Gaza reconstruction faces $71B bill and funding gap
Gaza faces significant challenges following the end of fighting and the ceasefire, as reconstruction requires billions of dollars to address the destruction of infrastructure and essential services. The estimated cost of rebuilding amounts to $71 billion, while international commitments available do not exceed $17 billion, leaving a funding gap of over $54 billion. This reflects enormous economic difficulties, with the territory's economy shrinking by more than 84% and unemployment rates soaring, alongside the destruction of over 90% of vital facilities. Despite promises of funding and support programs, major obstacles remain in translating pledges into on-the-ground projects, in addition to the ongoing occupation and blockade that restrict the movement of people and goods, hindering reconstruction efforts and the achievement of lasting stability.
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