Camille Naredo

An aerial view shows the Al-Maqussi Towers district, heavily damaged by massive Israeli bombardment over the past two years, in northwestern Gaza City on October 15, 2025, during a US-brokered ceasefire between Israel and Palestinian factions. AFP/File

An aerial view shows the Al-Maqussi Towers district, heavily damaged by massive Israeli bombardment over the past two years, in northwestern Gaza City on October 15, 2025, during a US-brokered ceasefire between Israel and Palestinian factions. Defence Minister Israel Katz threatened late on October 15 to resume fighting if Hamas did not honour the terms of a US-backed ceasefire that halted the war in Gaza. (Photo by AFP)

Article (news)

GAZA

Agence France-Presse

<div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1776701633123AFP__20251016__78YC7WE__v4__MidRes__PalestinianIsraelConflictDestruction.jpg" style="width:960px" class="fr-fic fr-dib" alt="An aerial view shows the Al-Maqussi Towers district, heavily damaged by massive Israeli bombardment over the past two years, in northwestern Gaza City on October 15, 2025, during a US-brokered ceasefire between Israel and Palestinian factions. AFP/File" width="960"/>An aerial view shows the Al-Maqussi Towers district, heavily damaged by massive Israeli bombardment over the past two years, in northwestern Gaza City on October 15, 2025, during a US-brokered ceasefire between Israel and Palestinian factions. AFP/File</div>GENEVA, Switzerland -- More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published Monday.In their final Gaza Rapid Damage and Needs Assessment (RDNA), the United Nations and the European Union said that more than two years of war in the Palestinian territory &quot;has led to unprecedented loss of life and a catastrophic humanitarian crisis&quot;.&quot;Recovery and reconstruction needs are estimated at around $71.4 billion,&quot; said the assessment, developed in coordination with the World Bank.<div><a class="fr-green fr-strong" href="https://www.abs-cbn.com/news/world/2026/4/13/gaza-aid-flotilla-departs-barcelona-port-aiming-to-break-israeli-blockade-0029">READ: Gaza aid flotilla departs Barcelona port aiming to break Israeli blockade</a></div>Much of Gaza -- including schools, hospitals and other civic infrastructure -- has been reduced to rubble by a withering Israeli military offensive following the unprecedented Hamas attack on October 7, 2023.The final assessment determined that $26.3 billion would be required in the first 18 months to restore essential services, rebuild critical infrastructure and support economic recovery.&quot;Physical infrastructure damages are estimated at $35.2 billion, with economic and social losses amounting to $22.7 billion,&quot; a joint statement said.Gaza is under a fragile ceasefire agreed last October, which followed two years of devastating conflict sparked by the October 7, 2023 Hamas attack on Israel.That attack resulted in the deaths of 1,221 people, mostly civilians, according to official Israeli figures tallied by AFP. Palestinian militants also abducted 251 hostages.The retaliatory Israeli military campaign has killed more than 72,000 people in Gaza, also mostly civilians, according to the Hamas-run territory&#x27;s health ministry whose figures the United Nations considers reliable.<div><a class="fr-green fr-strong" href="https://www.abs-cbn.com/news/world/2026/4/5/french-boats-set-sail-to-join-gaza-aid-flotilla-0108">READ: French boats set sail to join Gaza aid flotilla</a></div>According to the RDNA, some 371,888 housing units have been destroyed or damaged, more than 50 percent of hospitals in the territory are non-functional and nearly all schools have been destroyed or damaged.At the same time, 1.9 million people -- nearly Gaza&#x27;s entire population -- have been displaced, often multiple times, and more than 60 percent of the population had lost their homes, the assessment found.Gaza&#x27;s economy has contracted by 84 percent, it said.&quot;The scale and extent of deprivation across living conditions, livelihoods/income, food security, gender equality, and social inclusion, have pushed back human development in the Gaza Strip by 77 years,&quot; the assessment said.

More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published Monday.

More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to an EU-UN assessment published Monday.

Over $71-B needed over next decade to rebuild Gaza: UN, EU

News

Entertainment

Lifestyle

Sports

Metro.Style

More

BINI

Sudoku

Word of the Day

Lotto

Horoscope

World

Over $71-B needed over next decade to rebuild Gaza: UN, EU

Agence France-Presse

Published April 21, 2026 12:16 AM PHT

Read More:

Gaza

Palestine

Israel

United Nations

European Union

World Bank

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

Sign Up

I have read and agree to the Terms and Privacy Policy.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.