Conflict in Gaza has caused severe damage to its people, infrastructure, and economy, creating enormous recovery needs that go beyond traditional post-conflict reconstruction. By mid-2025, total recovery and reconstruction requirements in Gaza exceeded $67 billion, according to the Addendum to the Interim Rapid Damage and Needs Assessment (IRDNA) led by the World Bank Group, the European Union, and the United Nations. The assessment and the World Bank-led Gaza Recovery Framework outline priorities including restoring basic services, rehabilitating critical infrastructure, providing social protection and livelihood support, supporting the private sector, and restoring trade logistics.
In response, the Gaza Reconstruction and Development Fund has been established as a Financial Intermediary Fund to mobilize and coordinate international resources for recovery, reconstruction, and development. This mechanism allows donor contributions to be pooled and directed to an internationally recognized legal entity authorized to manage and implement recovery activities in Gaza. The Fund is designed to provide a structured, transparent, and coordinated financing solution for complex post-conflict recovery needs.
The World Bank will act as a limited Trustee of the Fund, managing the inflows and outflows of resources as instructed by the legal entity, while the entity itself will operate independently with its own governance and operational structure. After transfer, the legal entity will have full responsibility for utilizing the funds to carry out reconstruction and development projects in Gaza.
The Fund complements broader international recovery efforts, including existing World Bank Group trust funds and partner initiatives supporting the West Bank and Gaza. By centralizing financing and oversight, the Gaza Reconstruction and Development Fund seeks to strengthen the efficiency, impact, and accountability of post-conflict recovery operations.
Financial Intermediary Funds (FIFs) are multi-partner arrangements that pool resources from various contributors to address global development challenges and the impacts of fragility, conflict, and violence. FIFs are independently governed, with the World Bank providing financial management and administrative support but holding no decision-making authority over how the funds are used. This structure enables coordinated, scalable, and transparent international responses to complex crises.
