World Bank to Oversee Gaza Reconstruction Fund

Feb 20, 2026

55 min

Feb 20, 2026 01:31

World Bank to manage Gaza reconstruction fund: Ajay Banga

## New Fund for Gaza Reconstruction

The World Bank has announced the establishment of a Gaza Reconstruction and Development Fund to manage international donations aimed at rebuilding the conflict-affected region. This initiative was revealed by World Bank President Ajay Banga during the first meeting of the newly formed Board of Peace in Washington.

## Role of the World Bank

The World Bank will act as a "limited trustee," overseeing the allocation of funds for reconstruction projects in Gaza. Banga emphasized the importance of financial transparency and accountability, stating that a financial controller has been assigned to ensure the highest standards are maintained.

## Broader Support for Gaza

Beyond managing the fund, the World Bank plans to leverage public finance, de-risk private investments, and utilize its expertise in similar projects to support Gaza's recovery. Banga highlighted the Bank's commitment to being an active participant in the reconstruction efforts.

## International Contributions

Several countries have pledged significant financial support, with the United States committing $10 billion. The fund is now ready to receive these donations, marking a structured international effort to aid Gaza's post-war recovery.

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