World Bank: $480M needed for short-term Gaza recovery


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(Worthy News) – A World Bank report estimates that it will cost $485 million in recovery for damage caused in the Gaza Strip during 11 days of fighting between Israel and Palestinian terror groups in May.

Rapid Damage and Needs Assessment (RDNA) conducted by the World Bank Group, United Nations (UN) and European Union (EU) said $380 million will be needed to repair physical damage and $190 million to deal with economic losses.

“We hope to mobilize donors’ support to help restore dignified living conditions and livelihoods in Gaza, and lead the way to recovery,” said Kanthan Shankar, World Bank Country Director for West Bank and Gaza. [ Source: YNet News (Read More…) ]

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