November 30, 2025
World Bank and IMF members discuss Gaza reconstruction challenges

WASHINGTON: Top finance officials from around the world have underscored their willingness to help rebuild the Palestinian enclave of Gaza this week.The World Bank and United Nations are working to finalise a new cost estimate of $70 billion for the reconstruction effort.Members of the ministerial-level Development Committee that advises the World Bank and International Monetary Fund discussed the challenges involved during a Thursday meeting.World Trade Organization Director-General Ngozi Okonjo-Iweala expressed appreciation for the ceasefire and the halt in killing.“We hope that it will just lead to the next phase and that that will happen peacefully,” she said.A United States-brokered ceasefire between Israel and Hamas militants has halted two years of devastating war.United Nations officials report that aid convoys are struggling to reach famine-hit areas of north Gaza due to war-damaged roads and the closure of key routes.The United Nations World Food Program stated that 560 metric tons of food has entered the Gaza Strip per day on average since the ceasefire deal.This amount remains well below the scale of need according to the organisation.Okonjo-Iweala confirmed the Development Committee discussed Gaza reconstruction and what form that might take.World Bank officials expressed willingness to work with people in the region and others on the reconstruction effort.“We want to help…
Read More

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *