World Bank Backs US UN Resolution for Gaza Reconstruction

World Bank backs US-drafted UN resolution for Gaza reconstruction: A two-year mandate for a transitional governance body, the Board of Peace, is proposed to oversee rebuilding and economic recovery efforts. The resolution aims to establish operational entities to tackle infrastructure rebuilding and economic programs, with an estimated cost of seventy billion dollars. The World Bank, UN, and EU are finalizing a new interim estimate, and the US plans to put the draft to a vote within weeks, seeking at least nine favorable votes and no vetoes from permanent Security Council members. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.