National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL
National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL
National Early Recovery and Reconstruction Plan for Gaza 2014-2017_FINAL
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574.3.5 Facilitating InvestmentRelief <strong>Early</strong> <strong>Recovery</strong> <strong>Reconstruction</strong> Total- $20m $130m $150mAvailability of capital will be critical to the recovery <strong>and</strong> reconstruction ef<strong>for</strong>ts of the private sector. Recognizing the extremepressure that the assault has placed on private businesses, the Palestinian Monetary Authority (PMA) has already implementeda scheme <strong>for</strong> deferral of repayment of existing loans. Looking <strong>for</strong>ward, in addition to providing compensation <strong>and</strong> assistanceto the private sector, the Government, <strong>and</strong> the PMA will work with the banking sector to put in place appropriate financingmechanisms to enable the private sector to access additional financing <strong>for</strong> the recovery <strong>and</strong> reconstruction ef<strong>for</strong>ts. Throughthese mechanisms, the private sector should be able to secure increased access to working capital (<strong>for</strong> small repairs <strong>and</strong>restocking of raw materials) as well as long-term capital (<strong>for</strong> rehabilitation <strong>and</strong> reconstruction of own capacity, but also <strong>for</strong>development <strong>and</strong> delivery of reconstruction projects), at reduced interest rates. Alongside additional financing mechanisms,options <strong>for</strong> af<strong>for</strong>dable risk insurance <strong>for</strong> domestic businesses will be explored. These facilities will allow selected businesses toleverage the compensation <strong>and</strong> assistance they receive to greater effect <strong>and</strong> at lower risk.Alongside increased financing, the Government will deliver selected capacity development programs, to strengthen the likelihoodof success of reconstruction ef<strong>for</strong>ts by the private sector <strong>and</strong> drive increased profitability. These will include professional training,improvement of management skills, marketing support, <strong>and</strong> awareness of financing strategies <strong>and</strong> options.4.3.6 Summary of Interventions in Economic SectorInterventions & Estimated Costs by PhaseSub-Sector Relief <strong>Early</strong> <strong>Recovery</strong> <strong>Reconstruction</strong>AgricultureIndustry <strong>and</strong>ManufacturingTrade <strong>and</strong>ServicesEmploymentFacilitatingPrivateInvestmentESTIMATEDSUB-SECTORCOSTTOTAL SECTORCOST• Detailed assessment of the agriculture sector• Compensation <strong>for</strong> production, livestock<strong>and</strong> fishing losses• Restoration of farm l<strong>and</strong>, fruits, <strong>and</strong> crops• Restoration of livestock economy• Rehabilitation of fishing equipmentEstimated Cost: $194m Estimated Cost: $257m• Detailed assessment of damaged facilities• Compensation <strong>for</strong> production lossesEstimated Cost: $75m Estimated Cost: $284m• Detailed assessment of damaged facilities• Compensation <strong>for</strong> losses• Rehabilitation of some 3,400 commercialestablishments• Rehabilitation of telecommunicationinfrastructure• <strong>Reconstruction</strong> of agricultural infrastructure<strong>and</strong> assets• Continued restoration of fruits <strong>and</strong> crops• Continued restoration of livestock economy• Continued rehabilitation of fishing equipment• Rehabilitation <strong>and</strong> reconstruction of 990industrial facilities• Rehabilitation <strong>and</strong> possible expansion of <strong>Gaza</strong>Industrial Estate <strong>and</strong> other industrial zones• <strong>Reconstruction</strong> of some 800 commercialestablishments• Rehabilitation of tourism facilitiesEstimated Cost: $130m Estimated Cost: $77m• Cash <strong>for</strong> work programs in support of • Vocational training opportunities to improverehabilitation <strong>and</strong> reconstructionemployment opportunities(will remain ongoing <strong>for</strong> reconstructionperiod also)Estimated Cost: $62m Estimated Cost: $7m• Financing facility <strong>for</strong> repairs <strong>and</strong> restarting ofoperationsEstimated Cost: $20m Estimated Cost: $130m• Exp<strong>and</strong>ed range of financing facilities <strong>for</strong>investment• Expansion of risk guarantees <strong>for</strong> domestic firms• Capacity building$481m $754m$1.2b