Board of Peace Unveils $2.45 Billion Gaza Recovery Plan

The Board of Peace unveiled a six-month, $2.45 billion recovery blueprint for the Gaza Strip on Wednesday during the U.N. General Assembly in New York. The proposal consists of 66 projects, allocating approximately $1 billion for infrastructure—including hospital repairs, rubble removal, and temporary housing—and $885 million for security. The board estimates that medium-term reconstruction costs will reach $35.2 billion, with a total requirement of $71.4 billion over the next decade.

Security measures center on a five-step demilitarization process led by a multinational International Stabilization Force featuring troops from Kosovo, Morocco, Albania, and Kazakhstan. The plan includes a permanent hardened facility in Rafah for 5,000 personnel and a weapons buy-back program for Hamas and other armed groups. Vetted Palestinian police are intended to receive training in Egypt before control is eventually handed to an interim Palestinian Technocratic Government.

Implementation is currently stalled. While Hamas reportedly agreed to a disarmament plan in July, the board notes that progress depends on the group actually relinquishing its weapons. Simultaneously, the Israeli government has agreed to aspects of the plan in principle but has not begun implementation, with Prime Minister Benjamin Netanyahu rejecting previous proposals to halt military operations. Board officials indicated that negotiations are further complicated by upcoming Israeli parliamentary elections on October 27, though they hope the process can begin following the vote.