Palestine Economic Update
Palestine Economic Update - February 2025
author: Palestine Economic Policy Research Institute - MAS
year: 2025
Key Messages :
- As the fragile ceasefire since January is held into its second month, Gaza endures immense destruction, with up to 92% of all housing units damaged or destroyed.
- There is an urgent need for relief, shelter, and essentials, with reconstruction efforts most recently estimated to cost over $53 billion.
- Israeli military operations in the West Bank cause widespread destruction, killing 44, arresting hundreds, and displacing at least 40,000 Palestinians.
- The Israeli Knesset approves a bill allowing settlers to purchase land in the West Bank without restrictions.
- Israel’s ban on UNRWA operations officially takes effect, and Israeli forces begin evacuating and closing UNRWA premises in East Jerusalem.
- Banks resume operations in Gaza, but only four branches have opened as the region continues to face severe cash shortages.