IMF urges improvements in Gaza Strip and West Bank

‘The International Monetary Fund (IMF) has called on the international community to rev up measures for the reconstruction of the besieged Gaza Strip and to boost economy in the blockaded Palestinian territory as well as the occupied West Bank.

In a report released on Tuesday, the IMF evaluated the reconstruction process in the Gaza Strip, which suffered a deadly Israeli onslaught last summer, saying that the rebuilding process “is moving far more slowly than expected.”

The Washington-based crisis lender, in the report, highlighted the colossal size of destruction in the besieged Gaza Strip because of the Israeli aggression, estimating the economic cost of the 50-day Israeli war on the blockaded territory at USD 4 billion.’

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