Gaza needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published Wednesday by the United Nations trade body.
In its report on the economic development of the Occupied Palestinian Territory for 2022, the United Nations Conference on Trade and Development highlighted the dire economic conditions in Gaza, even prior to Israeli strikes on the enclave in reprisal for the deadly Oct. 7 attacks by Hamas gunmen in southern Israel.
"While donor aid is important to assist the people of Gaza, it should not be viewed as a substitute for ending the restrictions and closures and calling on Israel and all parties to bear their responsibilities under international law." "It's very difficult to make a proper assessment until things stop," he said, referring to the current conflict. "But it's going to be in the billions of dollars."Last year Palestinian authorities received only $250 million in donor budget support and $300 million for development projects, the report said.
Nearly half of Gaza's population is unemployed and more than half lives in poverty, the report said. Although workers in Gaza have been allowed access to Israel's job market for the first time in recent years, the number of permits issued – around 1% of employed workers in Gaza – are too few to counter poverty.
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Gaza needs billions in aid to reverse years of restrictions -UN trade bodyGaza needs billions of dollars in international economic aid to compensate for years of restrictions that have stifled its economy and curbed its development, according to a report published on Wednesday by the United Nations trade body.
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