Economy

Gaza Reconstruction Costs Exceed $53 Billion After 15 Months of War

The Staggering ‍Cost of Rebuilding​ Gaza: A Human Perspective

The Gaza Strip, a⁣ small‍ Palestinian ‌territory bordering ⁤Israel and‌ Egypt, has endured repeated‌ conflicts,⁢ leaving its infrastructure ⁤and its people ‌devastated. ​ A recent⁣ assessment by the United Nations, European Union, ⁣and⁤ World Bank ​paints a ‌stark picture of the immense challenge of rebuilding. The price tag? A staggering $53.2 billion over the next decade, with ⁢$20 billion needed in just the ‌first three years. This ⁢figure,‍ while immense, underscores the⁢ urgent need for international support and ⁤a long-term commitment to rebuilding‌ lives and livelihoods.

This assessment echoes‌ a ⁢report commissioned⁣ by the UN General Assembly, where Secretary-General Antonio Guterres highlighted the need for substantial funding for short, medium, and⁣ long-term recovery. The report estimates a total of $53.142 billion is required, with $20.568 billion needed for immediate relief​ and initial reconstruction efforts. These figures, while aligned with the‍ joint‌ assessment, are dwarfed by a study ⁢from the RAND Corporation,‌ a US-based think tank, which projects the‌ total cost could⁢ exceed $80 billion, ​with ‍over⁤ $700⁢ million just to clear the rubble. ‍‍ This discrepancy highlights the⁤ complexity of accurately‌ assessing the full extent of the damage and the long-term costs associated ⁣with rebuilding ⁤in‌ a conflict zone.

The sheer scale of destruction is difficult to comprehend. Imagine a place where nearly 70% of buildings have been ‌damaged or ​destroyed. ⁣ According to UNOSAT (United Nations ⁣Institute for Training and ​Research Operational Satellite

The MoroccoMirror team

The MoroccoMirror team is a group of passionate journalists dedicated to Morocco and its rich culture and history. We strive to provide comprehensive coverage of the latest events in the country, from politics and economics to culture and sports. Our commitment is to deliver accurate and reliable information to our readers, while maintaining an engaging and enjoyable style.

Related Articles

Leave a Reply

Back to top button