Al Jazeera reports the Board of Peace's decision to exclude the UN refugee agency from Gaza aligns with repeated Israeli calls to sideline it.
The recovery figure was announced at a meeting of the board held on the sidelines of the UN General Assembly in New York, the BBC reported.
Nickolay Mladenov described Gaza's transitional administration as a bridge toward reform of the Palestinian Authority.
The plan reportedly outlines funding for temporary housing, rubble clearance, hospital repairs, economic recovery and a multinational security force, according to Anadolu Agency.