The World Bank has officially thrown its weight behind a draft United Nations resolution concerning Gaza, according to a recent communication sent to the United States. This significant diplomatic move comes as the international financial institution, alongside the UN and European Union, prepares a shocking new interim estimate for rebuilding the war-torn territory.
Staggering New Cost for Gaza's Reconstruction
In a dramatic revision of earlier figures, the World Bank is now finalizing a new interim reconstruction estimate of approximately $70 billion for Gaza. This represents a substantial increase from the over $50 billion assessment made by the World Bank, United Nations, and European Union back in February.
The rapidly escalating cost underscores the extensive devastation suffered by Gaza's infrastructure, housing, and essential services during recent conflicts. This new figure highlights the unprecedented scale of destruction and the massive international effort that will be required to restore basic living conditions for Gaza's population.
International Consensus Builds for Peace
The World Bank's endorsement of the draft UN resolution signals growing international consensus on addressing the Gaza situation through diplomatic channels. By formally communicating its position to the United States, the institution is leveraging its financial credibility to support peace-building efforts.
This coordinated approach between major global institutions—the World Bank, United Nations, and European Union—demonstrates a unified front in tackling both the immediate humanitarian crisis and the long-term reconstruction needs of the region. The timing of this announcement, dated 10 November 2025, indicates ongoing high-level discussions about Gaza's future.
Path Forward for Gaza Recovery
The staggering $70 billion estimate presents both a challenge and an opportunity for the international community. Reconstruction on this scale will require unprecedented coordination between donor nations, international organizations, and local authorities.
Experts suggest that beyond physical reconstruction, the funds must address deeper issues including economic revitalization, job creation, and sustainable development to prevent future cycles of conflict. The World Bank's involvement ensures that reconstruction planning will incorporate economic sustainability alongside immediate rebuilding needs.
As the international community grapples with these enormous costs, the World Bank's endorsement of the UN resolution creates crucial momentum for a comprehensive approach to peace and reconstruction in one of the world's most troubled regions.
