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Israeli bombing severely weakens Gaza economy: Report | Gaza News

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The report by the UN, the EU and the World Bank estimated the cost of the damage to the Gaza Strip, following the May 11 offensive, between $ 290 million and $ 380 million.

The socio-economic situation on the Gaza Strip has deteriorated sharply as a result of the Israeli attack in May, a report (PDF) Found by the United Nations, the European Union and the World Bank.

He calculated the Gaza Damage and Needs Assessment (RDNA) report released on Tuesday 11 days of bombing It was between $ 290 and $ 380 million, and recovery needs are projected to be between $ 345 and $ 485 million.

“Following the enemy, 62% of Gaza’s population is insecure,” the report said, adding that unemployment is already at 48 per cent and poverty rates have risen above 50 per cent before rising.

The attack killed at least 260 Palestinians, including 66 children, and caused extensive damage to infrastructure and residential areas. On the Israeli side, 13 people were killed by rockets fired by Palestinian armed groups in the coastal expanse, including two children.

The Gaza Strip it is one of the most populous areas in the world, where two million Palestinians – half of them under the age of 18 – live within 365 square kilometers (141sq miles) of coastal territory. He has been in the blockade of Egypt and Israel for 14 years, and as a result, a UN report led to a serious humanitarian situation that was projected to be “uninhabitable” by 2020.

At least 800,000 people have no access to clean water, and electricity is only made a few hours a day. In addition, the coronavirus pandemic has already exacerbated a weak health system due to a lack of medical equipment and medicines.

The RDNA report said that most of the damage caused to Israel by the May bombing in Gaza was caused by social sectors such as housing, health, education and social protection and jobs, an estimate of $ 180 million.

“The housing sector alone accounts for 93% of the total damage to the social sector,” the report says.

The report recommended that the international community increase support for aid programs for Palestinians in Gaza, ensure the provision of humanitarian aid, and move critical cases and patients out of Gaza.

“In the short term, the socio-economic recovery in Gaza will be determined by two factors: the level of funding available for reconstruction activities, including donors;

The report also called on Israel to provide access to some of the essential materials for reconstruction that Israel has designated as “dual-use materials,” such as cement, chemicals and pipes.

Israel also called for the establishment of a financing mechanism, and a sufficient amount of fuel to enter Gaza.



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