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UNCTAD reports Palestinian economic losses
At the United Nations Conference on Trade and Development (UNCTAD), the economic situation in Palestine was discussed before its council in Geneva. The direct damages in the Gaza Strip have reached approximately $35.2 billion, and the reconstruction needs are estimated at $71.4 billion. Officials affirmed that the worsening economic conditions caused by occupation, destruction, and the blockade require ending the occupation, enabling Palestinians to manage their resources, and reconsidering the Paris economic protocol to avoid dependency. The international community was called upon to provide financial support and to continue assessing the cost of occupation, emphasizing the necessity of a just political solution to halt the crisis and restore development in Palestine. The report also indicated that Palestinian economic losses since 2000 have exceeded $212 billion, amidst ongoing occupation operations and economic management practices that hinder sustainable development.
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