UN estimates over $53B for Gaza Strip's recovery, reconstruction needs
A UN report estimated Tuesday that recovery and reconstruction needs in the Gaza Strip would amount to more than $53 billion, with short-term needs in the first three years reaching $20.568 billion.
"The report estimates the recovery and reconstruction needs in the short, medium and long term across the Gaza Strip at $53.142 billion. Of these, the near-term needs in the first three years are estimated to be around $20.568 billion," said the report by UN Secretary-General Antonio Guterres.
Highlighting the dire economic and humanitarian toll of the conflict, the report noted that Gaza's economy is projected to shrink 83% in 2024, with unemployment reaching 80%.
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