A Gaza reconstruction board created for post-war rebuilding has not received any deposits into its official World Bank-administered fund, even after billions were pledged and promises were made. Four months after the board was unveiled, sources reported that zero dollars were deposited into the official fund. Member states reportedly pledged $7 billion and the U.S. promised $10 billion, yet funding reportedly flowed through a separate JPMorgan account controlled by the organization. That JPMorgan account is not subject to the same transparency requirements as the World Bank fund. The board’s officials said contributors chose other funding options and that financial reporting would occur to its executive board at an appropriate time. Scrutiny in Washington has increased over legal status, oversight, and authority. The board has solicited contracts, but no contracts have been awarded, citing Hamas’ refusal to disarm and lack of operational conditions in Gaza. Post-war planning sources said no U.S. dollars have been deployed for rebuilding.
"Meanwhile, two people involved in post-war planning told the FT that not one US dollar has yet been deployed for rebuilding the enclave."
#gaza-reconstruction #us-foreign-policy #world-bank-funding #transparency-and-oversight #trump-administration
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