Top finance officials from around the world have expressed their commitment to supporting the reconstruction of Gaza, as the World Bank, United Nations, and European Union work to finalize a new estimated cost of $70 billion. The Development Committee, which advises major financial institutions, met to discuss the immense challenges facing Gaza, including damaged infrastructure and the urgent need for humanitarian aid. While a ceasefire has brought some relief, aid convoys continue to struggle to reach areas most in need due to destroyed roads and closed routes. Officials emphasized that conditions for large-scale reconstruction are not yet in place, with significant obstacles such as rubble removal and shelter needs remaining. Plans for a reconstruction conference are underway, but the timing is yet to be determined.

Original article source: https://www.timesofisrael.com/world-bank-un-and-eu-raise-estimated-cost-of-gaza-reconstruction-to-70-billion/
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