At a Wednesday event in New York, US President Donald Trump's Board of Peace presented a plan to put $2.45 billion toward Gaza's recovery. The announcement follows a ceasefire between Israel and Hamas that officially ended a two year war, reached nearly a year earlier. The board said the $2.45 billion is only a slice of the $71 billion it believes will be required to rebuild the territory.
The plan calls for 66 projects to be executed over a six month window. Priorities include temporary shelter, clearing rubble and restoring key infrastructure such as hospitals. Representatives said the funds are "pledged directly or generally," and the board did not specify who the donors are.
Speakers pointed to the United Arab Emirates, Egypt and Morocco as partner countries. The Board of Peace was set up last October when Israel and the Iran backed militant group Hamas accepted a US brokered truce. Even with the ceasefire in place, Israel and Hamas have continued exchanging fire on a regular basis.
The Hamas run health ministry reports that over 4,000 people in Gaza have died since October. Israel has expanded control to about 65% of the territory, and roughly 2 million residents are concentrated along a small stretch of the Mediterranean coast. The final hostages were released under last year's truce, which also required Hamas to disarm, a step the group has not taken.
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The conflict's spark was Hamas's incursion into Israel on Oct. 7, 2023, an attack that left 1,200 people dead and led to roughly 250 hostages being taken. The health ministry in Gaza reports that Israeli retaliatory air strikes and ground operations have killed more than 70,000 people and set off a humanitarian crisis tied to restrictions on aid. For everyday investors, the headline is the gap: $2.45 billion pledged versus a $71 billion bill. That shortfall will shape how quickly reconstruction moves and where future funding might flow.
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