UN Reports Global Willingness to Fund $70 Billion Gaza Reconstruction

UN Reports Global Willingness to Fund $70 Billion Gaza Reconstruction

Geneva: In a major development for the Palestinian territories, the United Nations has revealed that a coalition of countries is prepared to contribute financially to the extensive reconstruction of Gaza, estimated at $70 billion. This announcement comes in the wake of a protracted conflict between Israel and Hamas, which left the Gaza Strip devastated and in urgent need of humanitarian and infrastructural support.

Jaco Cilliers, a senior official from the United Nations Development Programme (UNDP), highlighted during a press briefing in Geneva that multiple nations, including the United States, European powers, and several Arab states, have expressed readiness to fund the rebuilding process. While the exact amounts pledged by individual countries have not been disclosed, the collective commitment signals a significant international consensus on the importance of Gaza’s rehabilitation.

The scale of destruction in Gaza is staggering. Reports indicate that approximately 55 million tons of rubble remain across the region, reflecting the immense challenge ahead. Critical infrastructure, residential neighborhoods, hospitals, schools, and public utilities were severely damaged or destroyed during the conflict, leaving tens of thousands of residents displaced and dependent on emergency aid.

The United Nations has stressed that effective coordination will be essential to ensure that the reconstruction funds are used efficiently and reach the populations in need. The rebuilding effort will involve not only clearing debris and restoring infrastructure but also strengthening governance mechanisms, supporting local economies, and addressing the long-term social and economic needs of Gaza’s citizens.

International observers have hailed this development as a rare moment of global solidarity in a region often marked by division and conflict. The success of the reconstruction initiative will depend on sustained political support, transparent management of resources, and collaboration between local authorities, international agencies, and donor countries. As the world watches, the coming months will be crucial in determining whether Gaza can recover and rebuild with dignity and stability.


Follow the CNewsLive English Readers channel on WhatsApp:
https://whatsapp.com/channel/0029Vaz4fX77oQhU1lSymM1w

The comments posted here are not from Cnews Live. Kindly refrain from using derogatory, personal, or obscene words in your comments.