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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 24, 2025

    Featured image for article about Headlines

    By Emma Farge

    GENEVA (Reuters) - Funding shortages may affect the U.N.'s ability to maintain aid flows at target levels throughout the Gaza ceasefire deal, a U.N. official told Reuters.

    Fifteen months of war has left more than 47,000 Palestinians dead and most of Gaza in ruins, with hundreds of thousands of people homeless and reliant on outside aid for survival.

    Daily deliveries have surged tenfold since the Sunday deal, according to U.N. data, surpassing the 600 trucks a day target set out for the first seven weeks of the ceasefire.

    Muhannad Hadi, Humanitarian Coordinator for the Occupied Palestinian Territories, told Reuters late on Thursday he was "very happy" with how the first few days had gone, but flagged funding as a concern.

    "Funding is an issue. We need immediate funding to make sure that we continue providing the aid for the 42 days, but also after the 42 days, because we're hopeful that we'll go from phase one to phase two," he said, after returning from Gaza earlier this week.

    He described scenes of widespread joy and relief across the enclave, with many Gazans smiling and eager to return to the remnants of their homes and find work.

    "I've received clear messages from the people: they don't want to continue depending on humanitarian aid. They want to rebuild their lives... We can't afford to let them down."

    The U.N. is seeking $4.1 billion for the occupied Palestinian territories this year, with nearly 90% set to go to Gaza. It is currently 3.6% funded.

    Asked how the U.N. had managed to ramp up supplies so quickly, he cited an improvement in security for aid convoys, saying he saw local police everywhere during his visit. "The looting has reduced drastically," he said.

    One of the remaining challenges for aid workers is the difficulty of moving food and supplies through the damaged streets of Gaza with many thousands of Palestinians on the move.

    He said this could get worse from the weekend when many thousands of people are expected to be allowed to return to northern Gaza, under the terms of the ceasefire deal.

    (Reporting by Emma Farge; Editing by Alex Richardson)

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