Rebuilding ‘human-made abyss’ in Gaza will cost at least $70bn, UN says

Posted on November 25, 2025 by Admin

Report says Israel’s operations ‘significantly undermined every pillar of survival’ and reduced the economy by 87%

Israel’s war in Gaza has created a “human-made abyss”, and reconstruction is likely to cost more than $70bn (£53bn) over several decades, the United Nations has said.

The UN’s trade and development agency (Unctad) said in a report that Israel’s military operations had “significantly undermined every pillar of survival” and that the entire population of 2.3 million people faced “extreme, multidimensional impoverishment”.

UN calls on Trump to exempt poorest countries from ‘reciprocal’ tariffs

Posted on April 14, 2025 by Admin

Unctad says many countries targeted with high tariff rates are unlikely to be a threat to US

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The UN’s trade and development arm, Unctad, is calling on Donald Trump to exempt the world’s poorest and smallest countries from “reciprocal” tariffs, or risk “serious economic harm”.

In a report published on Monday, Unctad identifies 28 nations the US president singled out for a higher tariff rate than the 10% baseline – despite each accounting for less than 0.1% of the US trade deficit.

UN report: 80% of Gaza inhabitants relied on international aid before war

Posted on October 25, 2023 by Admin

Unctad outlines conditions last year, with unemployment rate of 45% one of highest in world

Israel’s blockade hollowed out Gaza’s economy and left 80% of its inhabitants dependent on international aid even before the current crisis erupted, the UN has said.

In a report outlining conditions in the Palestinian territory last year, the UN Conference on Trade and Development (Unctad) said two-thirds of Gaza’s population was living in poverty, while its unemployment rate of 45% was one of the highest in the world.