EU rallies dozens of nations to pledge US$1 billion for Gazarecovery fund in Gaza

AI Summary

The EU has gathered dozens of nations to pledge US$1 billion towards a Gaza reconstruction fund. The United Nations, World Bank, and EU estimate reconstruction costs could reach US$70 billion due to extensive damage in the Palestinian territory.

Few places in the Palestinian territory of over 2 million people have been left unscathed, and the United Nations, World Bank and EU estimate that reconstruction will cost US$70 billion.