EU, UN joint report puts Gaza recovery, reconstruction costs at over $70 billion

(JNS) — Gaza’s human development has been set back 77 years, with recovery and reconstruction needs totaling $71.4 billion over the next decade, according to an assessment released this week by the European Union, the United Nations and World Bank.

The final report, the Gaza Rapid Damage and Needs Assessment, notes an “unprecedented loss of life and a catastrophic humanitarian crisis” brought on by the terrorist attacks in southern Israel on Oct. 7, 2023, carried out by unnamed “militant groups,” leading to the Israel-Hamas war.

The report estimates $26.3 billion will be required in the first...