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World Bank Unveils $70 Billion Gaza Recovery Fund

4/8/2026

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Story summary
  • World Bank President Ajay Banga announced on April 7, 2026, that Gaza recovery aid will be pursued after a two-year war.
  • UN resolution directs collaboration with U.S. President Donald Trump’s Board of Peace to establish a Gaza reconstruction fund.
  • The World Bank will be trustee for allocations determined by the Board of Peace for a fund up to $70 billion, supported by the Bank of Palestine's investment.