Supporting inclusive economic opportunities and economic resilience in the Gaza Strip

Local news, 12.07.2023

The governments of Switzerland and Norway, in cooperation with the United Nations Development Programme, launched the Gaza Economic Resilience Programme aiming to promote jobs and foster growth of the private sector in Gaza. 

The launching ceremony of the Gaza Economic Resilience Programme in the presence of Deputy Head of International Cooperation Mr. Thomas Jenatsch UNDP/PAPP image bank - Shareef Sarhan

The United Nations Development Programme and the Governments of Norway and Switzerland - through the Swiss Agency for Development and Cooperation SDC - launched a 4-year, US$ 14.5 million, programme in support of inclusive economic opportunities and economic resilience in the Gaza Strip.

The Gaza Strip is facing alarming socio-economic and financial challenges that have led to high unemployment rates and de-development. In the Gaza Strip, 53% of Gazans live in poverty, 45.9% of Gaza’s population is unemployed, including 73.9% of its youth (young women 82%) and more than 75% of the people rely on humanitarian aid. 

The multi-year programme will not only support employment generation for Gazans; it will also contribute to MSMEs development and enhance the enabling environment to ensure the investment is responding to the needs and challenges of the local economy. 

Thomas Jenatsch, Deputy Head of International Cooperation at Swiss Cooperation, outlined, “Switzerland is confident that this programme will foster private sector growth, create sustainable jobs for women and youth and ultimately contribute to reducing the aid dependency of Gazans.”

To read the full press release, please visit the UNDP website.