Conflict has had a devastating toll on Gaza’s people, infrastructure and economy. The needs are enormous, and the collapse of economic activity represents a challenge that requires an approach that goes well beyond traditional post-conflict reconstruction, as described in the February 2025 Interim Rapid Damage and Needs Assessment (IRDNA) jointly led by the World Bank Group, the European Union, and the United Nations. Total recovery and reconstruction needs exceed $67 billion according to the recent Addendum to the IRDNA supported by the World Bank.
That assessment and the subsequent World Bank-led Gaza Recovery Framework lay out key priorities and investments for successful recovery, including restoration of basic services, rehabilitation of critical infrastructure, social protection and livelihood support, private sector support including grants and capital for small and medium enterprises, and restoration of trade logistics.
The Gaza Reconstruction and Development Fund responds to those needs and to calls from the international community to provide a financing mechanism to support recovery, reconstruction, and development in Gaza. The Fund would be established as a Financial Intermediary Fund - which pool resources in support of international initiatives, enabling the international community to provide a direct and coordinated response to complex crises and global priorities. The World Bank currently serves as Trustee to 27 Financial Intermediary Funds.
The Gaza Reconstruction and Development Fund will be capitalized by donor contributions, with resources to be transferred to an internationally recognized legal entity authorized to facilitate, finance, and oversee recovery, reconstruction, and development activities in Gaza.
The World Bank will serve as a limited Trustee to the Fund, with responsibilities limited to managing the inflows and outflow of funds as instructed by the legal entity. The legal entity will operate independently of the World Bank with its own governance and operating structure, and will be solely responsible for the use of funds after they have been transferred by the World Bank.
The Gaza Reconstruction and Development Fund will play a complementary role within the overall recovery and reconstruction efforts by the international community, including existing assistance to the West Bank and Gaza through World Bank Group trust funds and partners.
More information about the Gaza Reconstruction and Development Fund
About FIFs:
Financial Intermediary Funds are large, multi-partner financing arrangements that enable the international community to pool and coordinate resources from many sources. FIFs address global development challenges as well as the impacts of fragility, conflict, and violence. They are independently governed, with the World Bank Group holding no decision-making authority. Instead, the World Bank provides financial and other services to support FIFs’ funding efforts and decisions.