UN, World Bank Estimate Damage To Gaza Infrastructure

2024-04-02 07:09:38

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 3. The World bank (WB)and the United Nations (UN) have estimated the damage to Gaza Stripinfrastructure at $18.5 billion between October 2023 and Januarythis year, the data are presented in a joint report of the twostructures, Trend reports.

As the document notes, the damage caused in four months isequivalent to 97% of Palestine's GDP for 2022. The housing sectorwas hit the hardest. Thus, over four-fifths of the damage occurs inresidential buildings (72% of the total) and trade, industry, andservices (9% of the total), and the remaining 19% of the damageoccurs in critical facilities related to the areas of education,water supply, and sanitation , healthcare, energy, information andcommunication technologies, municipal services and transport.

Almost 80% of the total damage occurred in the provinces ofGaza, North Gaza and Khan Yunis.

According to the World Bank and the UN,“the shock to Gaza'seconomy as a result of the ongoing conflict is one of the largestin recent economic history.” 74% of the population of the GazaStrip are unemployed.

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