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UNCTAD Press conference: Report 2026 on developments in the economy of the Occupied Palestinian Territory
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Press Conferences | UNCTAD
UNCTAD Press conference: Report 2026 on developments in the economy of the Occupied Palestinian Territory
DESCRIPTION
STORY: UNCTAD / PALESTINE REPORT 2026
TRT: 1:47
SOURCE: UNCTAD / UNTV CH
LANGUAGE: ENGLISH / NATS
DATELINE: 24 SEPTEMBER 2026, GENEVA, SWITZERLAND
WEBSITE: https://unctad.org/publication/report-unctad-assistance-palestinian-people-2025
SHOTLIST
1. Wide shot, Palais des Nations
2. Various shots, briefing room
3. SOUNDBITE (English) Pedro Manuel Moreno, Acting Secretary-General UN Trade and development (UNCTAD): We estimate that 71.5 billion dollars will be needed to ensure the reconstruction and recovery of Gaza. And this figure, which is the latest joint assessment by the World Bank, the European Union and the United Nations, may still rise.
4. Mid Shot, desk area
5. SOUNDBITE (English) Pedro Manuel Moreno, Acting Secretary-General UN Trade and development (UNCTAD): 92% of all economic establishments that can generate employment and income in Gaza are now damaged or destroyed. Hundreds of thousands of jobs have been lost since 2023, and unemployment today is unprecedented: over 90% of the working age population has no employment. Today, the GPD per capita of Gaza is the equivalent of 0.58 USD per person per day while price levels are 274 percent higher than in 2022.
6. Close up, camera man
7. SOUNDBITE (English) Pedro Manuel Moreno, Acting Secretary-General UN Trade and development (UNCTAD): UNCTAD’s report therefore identifies the scale of the challenge, the cost of reconstruction and the areas central to rebuilding productive capacity and a functioning economy for the Palestinian people. But most importantly, it underscores the urgency of reconstruction, and that peace cannot be built on a collapsed economy.
8. Close up, journalist
9. Mid shot, back of briefing room
10. Wide shot, back of briefing room
STORYLINE
Gaza reconstruction needs reach $71.5 billion as Palestinian economy and public finances face severe strain.
Latest UNCTAD report documents the loss of decades of development gains, economic collapse in Gaza and tightening economic constraints in the West Bank.
Fiscal pressures threaten macroeconomic stability: The report finds that the Palestinian Government’s fiscal position has deteriorated sharply. Under the Paris Protocol, Israel collects more than two thirds of Palestinian fiscal revenue on behalf of the Palestinian Government. Transfers have been intermittent and subject to deductions. According to the report, clearance revenue transfers due to the Palestinian Government were fully withheld from May 2025 through mid-2026.
Risks to the banking sector: According to the report, the short validity of letters of indemnity issued by Israeli authorities affects correspondent banking relationships and access to global trade and finance. Palestinian banks also face constraints in converting physical shekel banknotes into digital balances because of restrictions on currency repatriation. Together, these constraints could disrupt financing for imports of fuel, medicines and food.
Economic crisis in Gaza: The report estimates that 92% of Gaza’s economic establishments have been damaged or destroyed since October 2023.
Reconstruction and recovery needs: The report identifies three immediate priorities: transferring withheld Palestinian revenues, safeguarding the banking system and aligning reconstruction support with the documented scale of damage and economic losses.
UNCTAD’s role: UNCTAD provides economic analysis and technical assistance on development conditions in the Occupied Palestinian Territory. In accordance with UN General Assembly resolution 77/22, UNCTAD reports on economic development in the Occupied Palestinian Territory, including East Jerusalem, and assesses the economic costs of the Israeli occupation. For nearly four decades, UNCTAD has conducted policy research, capacity-building and technical cooperation with Palestinian public and private sector institutions and civil society, within its trade and development mandate.
Full report: https://unctad.org/publication/report-unctad-assistance-palestinian-people-2025
Production Date: 24 September 2026
Creator: UNCTAD / UNTV CH
Subject Topical: Economy, Occupied Palestinian Territory
Geographic Subject: GLOBAL
Website: https://unctad.org/publication/report-unctad-assistance-palestinian-people-2025
Teleprompter
Good afternoon, everybody, and welcome to the presentation of Umtad's latest report on the UMTAD assistance to the Palestinian people presented today.
We have with us the Acting Secretary General who will give some introductory remarks.
He's connecting from New York.
He's attending the General Assembly happening as all of you know these days in New York.
And afterwards, we will connect to Mr Mutasim Ilagra, who will get into more technical details of this report, which is a long standing mandate of the Journal Assembly that UMTAD prepares.
Without further ado, Acting Secretary General Pedro Mano Moreno, the floor is yours.
[Other language spoken]
[Other language spoken]
Good afternoon and thank you for joining us for the presentation of Umtad's report on developments in the economy of the Occupied Palestinian Territory.
As you know, UMTAD has monitored and analysed economic conditions in the Occupied Palestinian Territory for more than 4 decades.
We have specific mandates from the UN General Assembly to report regularly on the economic development in the Occupied Palestinian Territory and the report we present today looks at the current situation of the Palestinian economy through mid 2026.
I want to 1st recognise the team of the Assistance to the Palestinian People Unit at UMTAD behind this report and thank them for their outstanding work.
The report examines the spiralling crisis in Gaza and the West Bank, the collapse of Gaza's economy with the destruction of homes, human capitals and years of development, the constraints on economic activity both in Gaza and the West Bank, and the impacts of the growing pressure on Palestinian public finance and fiscal space that poses real systemic risk for the economy.
The collapse of the economy of Gaza is the world's most severe economic crisis on record.
It has wiped out decades of development and generated an acute economic crisis for its people.
92% of all economic establishments that can generate employment and income in Gaza are now damaged or destroyed.
Hundreds of thousands of jobs have been lost since 2023 and unemployment today is unprecedented.
Over 90% of the working age population has no employment today.
The GDP per capita of Gaza is the equivalent of 58 cents of dollar per person per day, while price levels are 274% higher than in 2022.
We estimate that $71.5 billion will be needed to ensure the risk of the reconstruction and recovery of Gaza.
And this figure, which is the latest joint assessment by the World Bank, the European Union and the United Nations, may still rise.
The pressure is also visible in fiscal pressure, public finances and the financial system.
The report documents a sharp deterioration in the Palestinian government's fiscal position, with consequences for the capacity to pay government employees or deliver essential services, with consequences also for businesses and the wider economy.
As an example, the fiscal crisis threatens the continuity of healthcare and education, as these two sectors alone account for about 60% of the wage bill.
With insufficient aid flows and weak fiscal capacity, the sustainability of these services, essential for people, are at real risk.
We highlight this because these pressures are interconnected and often overlooked.
A weakening fiscal position effects both suppliers and public services.
[Other language spoken]
Trade cannot function and public services cannot be delivered.
[Other language spoken]
The risk of a fiscal crisis triggering A systemic collapse is real.
These constraints also shape the capacity of the economy to recover, and the scale of that recovery challenge is enormous.
Restoring the collapsed health system, rebuilding destroyed education infrastructure and other public infrastructure will need to go together while restoring productive capacity, employment, functioning markets and the ability to business to operate.
Umtad's report therefore identifies the scale of the challenge, the cost of the reconstruction, and the area's central to rebuilding productive capacity and a functioning economy for the Palestinian people.
But most importantly, it underscores the urgency of reconstruction and that and that peace cannot be built on a collapsed economy.
I thank you, thank you, thank you very much, Mr Moreno.
Now I handle the floor to to my colleague and the main driving force behind the report, Mutasim Elagra.
[Other language spoken]
Good afternoon everyone.
This press conference is to launch on a TAD report to the United Nations Trade and Development Board.
It's an annual report and it has already been presented to Member States on 15 September.
The report covers the whole occupied Palestinian Treaty that is Raza, the West Bank and E Jerusalem.
But in addition to this report, Anuktad also prepares another report to the United Nations General Assembly and that report will be released soon.
It deals exclusively with Raza.
So it that upcoming report has a lot more details on the economic situation in Raza and I encourage you to read it when it's out.
It will be out soon.
The central message of this report we are talking about today is that about six decades of occupation have hauled out the Palestinian economy and de developed it.
And by de development I mean development reversed, not just development blocked.
We have moved from development blocked to development reversed, and now decades of human development that has been achieved in Gaza has been wiped out and the same situation prevails in the West Bank.
Although the the intensity of destruction is far more in Gaza and let us know that the destruction and the it's a dramatic escalation of a pattern that dates back to 1967 with the onset of occupation.
In other words, the report maintains that history did not start in October 2023.
History was back much longer.
If you check the report, you can see that the numbers speak for themselves.
Explanatory words are hardly needed.
Here are some numbers in addition to what Mr Assistant Secretary General has just mentioned.
In Gaza the military operation have gutted out nearly every business.
That means productive capacity is wiped out while the entire population is displaced and condemned to multi dimensional poverty.
By multi dimensional poverty I mean not just income poverty, it's also a lack of proper shelter, a lack of access to basic services like health and education and sanitation.
Before the onset of this crisis in October 2023, two out of three residents were poor.
Today, everyone in Gaza is multi dimensionally poor.
That is to say, the severe crisis breeds October 2023.
What happens since October 2023 is that a catastrophic situation has got far worse in Gaza.
Housing sustains the largest damage, estimated at $19 billion in 2025.
[Other language spoken]
That's among the lowest in the world.
Agriculture is down 94%, and only 1.5% of Razan cropland is still usable and accessible.
While that means total dependence on humanitarian food aid, industrial Raza is down 94%, construction is down 99% of these.
These numbers indicate that the economy has been wiped out, that's the economy has been erased nearly totally.
93% of school facilities need full reconstruction and students in Raza have lost several years of education and the consequences for the human capital formation on future earning potential and future welfare is obvious, too obvious to spill over.
Half of the hospitals are non functional and as inflation has skyrocketed as as Mr Reyes, he has just said as the cost of key items has nearly tripled since 20/20/22 since 2023.
Well that means that with incomes falling to a little bit more than half a dollar per day, prices have tripled for a staff and displaced and multidimensionally poor population.
So as far as unemployment is concerned, in the whole occupied Palestinian territory, unemployment was 49% in 2025, 29% in the US Bank were unemployed and 78% in Gaza were unemployed.
But these numbers and there is states of problem because they do not talk, take into account people who are discouraged and they stop looking for work because they lost hope.
If we add these people, the burden of unemployment is far more and now 9 out of 10 working age population in Gaza are unemployed and those like 10% who are employed.
The quality of jobs leaves a lot to be desired for the whole Palestinian economy.
GDP grew by 4.3% in 2025, but that's a low, low base illusion because in the previous year, in 2024, the economy has shrunk by so much.
So if you compare GDB in 2020, 2025 to 2022 before this crisis, the economy GDB has shrunk by 20% and the GDB per capita has shrunk by 25%.
So the positive number for positive gross number for 2025 is just a statistical low base illusion and things got worse in 2026.
We just have the numbers for the first quarter of 2026 and the Palestinian economy has declined by 6.6%.
[Other language spoken]
Now I turn to settlements in the West Bank.
The report highlights that the expansion of settlements and observe that settlements are illegal under international law, yet their construction and expansion have accelerated.
Settlements are particularly relevant to economic development because their growth is both this is the Palestinian people of their land and natural resources and thus preempt prospect for economic development.
Settlement expansion simply means Palestinians are losing their land, water, natural resources, mineral resources and everything that having a land entails.
The existence and expansion of settlements, not the just the expansion.
The mere existence violates Security Council Resolution 2334 of 2016, and it violates the 2024 landmark ruling by the International Court of Justice.
Let us know that the existence of settlements itself is illegal, not just the expansion.
And the report notes, a clear shift from de facto annexation of Palestinian land to formal annexation.
And settlements also erode the prospects for the two state solution, the framework the international community has long endorsed as the only plausible path for peace.
So, in addition to the growth of settlements and disposition of Palestinian natural resources, restrictions on the movement of people and goods in the West Bank have intensified.
In 2025, there were 925 obstacles to the movement of Palestinian peoples and and their goods.
So if Palestinian people move, want to move by themselves or to move their products from point A to point B, they have to deal with 925 obstacles.
These obstacles increase the distance travel, they increase the time travel, they increase the financial cost of travelling and that erodes the competitiveness of Palestinian producers and also has negative impact on on social, cultural life.
Meanwhile, the destruction of Palestinian structures here in 2025 a 100 one, 1660 buildings or structures were demolished by the occupying power and the demolitions results in the displacement of thousands of Palestinian peoples from their homeland.
Donor funded structures are not spared.
Sometimes Palestinians are forced to demolish their own homes to avoid paying extra fines if the occupying power demolishes the structures on their behalf.
The reward also notes that satellite violence has increased in 2025, and so violence again is Palestinian people and then again is their products and assets, combined with the expansion of settlements to create a coercive environment that pushes Palestinian people out of their ancestral land.
And while settlement expansion entails the movement of citizens of the State of Israel to Palestinian land and thus altering the demographic composition of this Bank in violation of international law, as Mr Secretary General has just indicated, the fiscal crisis engulfing the Palestinian government has worsened.
In and under the Baris Protocol, Israel collect Palestinian revenue on behalf of the Palestinian government and transfer it to the Palestinian government.
This mechanism allows Israel to control 2/3 of Palestinian fiscal resources.
So this also gives it the power to impose unilateral deduction and to its hold the transfer of these revenues to the Palestinian government.
Since May 2025, that's over a year now, Israel has withheld all clearance revenue transfers, that is 2 shares of Palestinian fiscal revenue.
The ensuing fiscal crisis poses serious risks to the capacity of the Palestinian government to provide basic governance and fund social welfare or education and health and all all the normal expenditure that governments do around the world.
And the crisis has also for the Palestinian government to heavily borrow from domestic banks, and it also forced it to pay partial salaries.
In fact, it has been paying partial salaries since 2021.
So now for about 5 years, civil servants have been receiving partial salaries that range from 50% of their dues to 70% now.
So as a result, civil servant are now borrowing heavily from domestic banks to breach their needs.
So that means banking sector is doubly exposed to the government.
So if the fiscal crisis forces the government to default in payment to the banking sector and civil servant cannot pay back to the banking sector from which they borrowed, that can undermine the banking system and can foster a crisis.
But if this crisis reaches a certain level, its impact will not be just financial, it will spill over to the whole economy, and it will affect every aspect of social, political, economic and trade life.
So there are other problems the banking system is facing.
For example, the shortness of the letters of indemnity issued by Israel for the only way for Palestinian banks to access international trade and international finance is to work through Israeli banks.
For Israeli banks to work with the Palestinian, with Palestinian banks, they need guarantees from the Australian government that they will not face charges related to money laundering or to financing of terrorism and things like that.
This the Israeli authorities issue these letters.
They can be as short as two weeks to two weeks is just too short and that fosters costly uncertainty.
Another problem is the accumulation of fiscal shekels with Palestinian banks.
The Palestinian banks now have billions in Israeli shekels that they cannot transfer back to Israel or deposit to the Israeli banks.
In other words, Israel does not accept the currency it issues and the Palestinians are compelled to use.
So Palestinian need to transfer these physical shekels into digital balances so that they can finance the importation of essential goods.
And this capacity is being disrupted and it has been weakened.
And it's also poses another risk to the Palestinian economy and to the Palestinian banking sector.
The The report emphasises that the Palestinian government has been tasked with responsibilities far beyond its resources.
It has no sovereign currency, no monetary policy tools, no control of its its borders, very limited fiscal space.
At the same times, the damages incurred in Gaza alone are $71.5 billion.
Obviously, the Palestinian government cannot shoulder this financial burden.
It doesn't have the resources and that puts the onus and responsibilities on the international community, not only to fund recovery under construction, but also to provide urgent and vital fiscal support of the Palestinian Government, both budgetary support and for development support.
That is essential for the Palestinian government to survive, as the report argues that a sovereign, independent Palestinian state has called for by United Nation resolutions is a precondition for regional and global peace, but that state cannot be built on a collapsed economy.
That is the core message of this report.
[Other language spoken]
Thank you very much for this very comprehensive overview of the report and the context of course for the economic analysis which is the main focus of the the report presented today.
Reconstruction needs reaching 71.5 billion, fiscal pressures threatening macroeconomic stability, risks to the banking sector overall, cross cutting economic crisis and of course the implications for the reconstruction needs.
We open the floor to questions.
You know the drill name and outlet that you present in the room have always the first go.
[Other language spoken]
Thank you very much for this briefing.
Alexandro Bois, Agence France Presse.
Mr Moreno spoke about the worst economic crisis ever recorded worldwide.
Could you please liberate a little bit on that, perhaps during comparison with other parts of the world?
And the second question regarding the risk of a systemic collapse, Mr Moreno also mentioned could you explain the chain reaction that might that might trigger that?
Please report the economic crisis in Raza is worse on record and that record dates back to 1960 according to the OPSILA database and the World Bank did work on that.
And it describes the crisis in Gaza as the worst on record based on the depths of the decline of GDB and the time needed to recover to pre crisis condition.
So in that sense, it is the worst on record and that record dates back to 1960 and, and according to very specific measures, which is the depths of the plank in in GDB and the time needed to recover.
Regarding the fiscal crisis, your your next question, that was the fiscal crisis, right?
[Other language spoken]
Yeah, systemic collapse.
[Other language spoken]
You have the Palestinian government, they have been borrowing heavily from domestic banks because foreign aid has not been sufficient.
It has been actually very low in, in, in in recent years and Israel has stopped transferring the Palestinian fiscal revenue to the government.
That is about 2/3 of its fiscal revenue.
Also, the fiscal revenues have decreased drastically because economic activity has decreased drastic like I said, like GDB is now down 20% compared to 2022.
So if your economy shrinks, then your tax revenue shrinks and at the same time the pressure to provide support for the poor and for the war injured and to rebuild whatever vital infrastructure that has been destroyed increases.
So you get the pressure from both the revenue side and both from the expenditure side.
The government has been borrowing from domestic banks.
It has no access to international banks, it has no currency it cannot like, it cannot inflate its expenditure while just printing money and it has been paying partial salaries.
It has also been borrowing heavily from the pension fund.
That's now destabilising the pension fund and it has also been defaulting on payment to private contractors, whoever they they provide health services or other services, the government defaults or delay delays its payment to them.
So at some point these providers and the bank cannot sustain that like forever.
And even civil servants may not be able to pay to to banks from which they borrowed.
And then you will have a banking collapse.
If you have a banking collapse, then the whole economy will be disrupted and the political and social and humanitarian consequences will be immense.
[Other language spoken]
Thank you for the question.
Yes, we have another one in the room.
[Other language spoken]
[Other language spoken]
[Other language spoken]
Yes, for yes, Mr Moreno in New York.
But of course, Mutasium stands by to go into into more analytical, technical details.
[Other language spoken]
[Other language spoken]
[Other language spoken]
[Other language spoken]
[Other language spoken]
[Other language spoken]
[Other language spoken]
Well, regarding the the Board of Peace, it is a separate mechanism.
The Secretary General has made clear that the Board of Peace is is not replacing the US conditions.
So any, any questions about this political or governance role are are not for us to to assess.
I will I will give the floor to Mutasim to the to the aid that has come into the into the Strait.
Thank you very much.
I, I, I did not get the question because I don't speak French, but I understand that it's about the word of peace.
It's about the.
[Other language spoken]
The entry of reconstruction materials to Raza is still severely restricted, and now entry of materials is limited to basic humanitarian needs.
So the needs are vast and whatever is allowed in is, is far from sufficient and that situation continues.
Aniktat has been working within its mandate to provide advisory services to the Palestinian government, to the private sector, to the civil society, also working on crystallising international consensus on the development needs of the Palestinian people.
It has also joined the Multi Trust Fund for the redevelopment and reconstruction of the Occupied Palestinian Territory.
It's members of that trust fund are United Nation agencies in the field in Palestine.
Also the whole bank and other other important institutions who are part of that.
But of course for reconstruction to start, there are pretty conditions.
The first condition is peace and sustainable cease, ceasefire and enabling political and security conditions and and financing.
But we're already working on in plans and for the how, how to proceed for rebuilding the Palestinian economy.
For example, in our latest report to the General Assembly, which will be released soon, we talk in details about the best way to proceed in rebuilding Gaza.
[Other language spoken]
Thank you very much.
And also for the patience with the language back and forth.
We have a couple of questions from those connected online.
First that because his audio is not working, so I'll have to read it out.
It's from Jeremy Launch from Radio France Antonacional.
It goes to the growth prospects and his question is the following.
How can the economy even grow by 34%?
With 94% of the population in Gaza unemployed?
What kind of economy is left in Gaza?
Yes, and report we say that in 2025 GDP and Gaza grew by 34%, but that is when comparing 2025 to 2024.
[Other language spoken]
The economy has completely brought to a standstill and there was a there was a ceasefire in twice ceasefire in 2025.
And because of that ceasefire a little bit of humanitarian goods were allowed in Gaza.
And so there was some form of economic activity, but extremely limited.
People working with international organisations, including the United Nations, people working with relief.
And there were jobs in the informal market like selling petty stuff in the streets, you know, selling personal items, all those types of things.
And in absolute numbers, that size of economic activity was very, very small, but it has been compared to an even smaller base in 2024.
That's why we we call it a statistical illusion, not a recovery in any meaningful any meaningful sense of the word.
[Other language spoken]
Thank you very much, Mutarsin.
[Other language spoken]
[Other language spoken]
And chat is open if you need anything else again online.
To Dina Abbi Saab from APTN, please.
The floor is yours.
[Other language spoken]
Yes, thank you, Marcelo.
[Other language spoken]
I'm the president of Akanu.
And I would like to not to ask a direct question to to Mr El Akra.
I just want to say that I'm concerned about the way this report is being handled.
It was already presented to Inktats Trade and Development Board on 15th September during a session which many countries spoke.
So it's difficult to understand why it is now being circulated under embargo as as though it were entirely new for journalists, for Akanu journalists.
We had a discussion and let me just summarise that this leaves this little genuinely newsworthy to report, especially as some colleagues have already covered the presentation.
In addition, yesterday, yesterday's e-mail and I sent you an e-mail about this did not clearly explain how journalists could access the full report and this lack of clarity combined with the timing of the embargoed released is actually frustrating and undermine an effective media roll out.
[Other language spoken]
I pass the floor now to Ravi Kant, please.
[Other language spoken]
[Other language spoken]
[Other language spoken]
Thank you very much for giving me an opportunity.
[Other language spoken]
To start with my question, it goes directly to Mr Pedro.
Does Ontad recognise that Palestine suffered a genocide of historic proportions where the entire society has been destroyed by 1 country, Israel?
Does UNTAD argues or calls for Israel to bear the, you know, the cause for the reconstruction of Palestine since it has single handedly destroyed the country and continues to destroy the country even to date?
The third question is that though you have said that it has nothing to do with the Board of Construction, the timing of your press conference and the revealing of the report, as my colleague the President has very clearly pointed out, that it seems to be linked with some kind of ulterior purposes instead of doing things at the time and on which at the time in which they're supposed to be done, and they're being hidden for a very long time.
[Other language spoken]
[Other language spoken]
We take note of the three questions.
I pass the floor to your Assistant Secretary General.
I think anything going beyond the purpose of presenting this report here in terms of its finding we will take offline.
We're happy to engage.
And so we remain this this we ensure this remains A focused session.
Thank you very much To the Acting Secretary General, the floor is yours.
[Other language spoken]
[Other language spoken]
I mean, we have a very specific mandate.
We analyse economic conditions and the requirements for for recovery in terms of productive capacity, jobs, functioning markets, public finances, banking, trade and investments.
What we say is in the report.
And so we, we are not proposing or evaluating any, any political or governance related to, to the to the crisis.
For that, we'll refer to the Secretary General's statements on, on the, on the matter.
[Other language spoken]
I see there is a follow up Ravi, or is it Sahan Silap, please?
Yes, follow up, Mr Pedro.
You know, I mean, all these economic consequences that what Palestinians are facing, as being elaborated by a colleague, Mr Elgara, are because of a certain slaughter and certain slaughter and, you know, genocide that has taken place, which has been recognised by other UN organisations, including the International Court of Justice.
Your silence on this issue actually sends very bad signals about your true intentions of releasing this report at this point of time.
[Other language spoken]
Thank you for the for the follow up and we take note of of your opinion.
Thank you very much.
Are there any questions left in the room or from those connected online?
[Other language spoken]
So thank you for the oh, there is one more.
Yes, of course.
Sorry, I didn't see you.
I think it's very important to see your response about the President of iconic question and remarks.
Can we have your opinion about that please?
Your report was discussed in the public session 10 days ago and the your information about this report was published.
Why now we have a press conference and I think that's the, we have the reason the, the, the whole press conference room.
There's nobody here, just my colleague from France Press and me.
As you know, the originally it was scheduled for last week precisely during the first days of the Trade and Development Board as it traditionally happens.
So this is not a change of of of procedure.
So this is a very and it's it's fact based.
We had to we we booked the room.
It was it was postponed because precisely the acting secretary general who was still in Geneva had to cancel due to having to breathe the Security Council on the Strait of Hormuz.
This is the reason for the rescheduling.
It was planned.
And again, if it doesn't really refer to the work behind the report presented by a colleague, I invite you to continue this conversation beyond this press conference directly with us because otherwise, it just doesn't really fit the most for getting into the.
[Other language spoken]
Thank you very much.
No further questions.
[Other language spoken]
Thank you very much everybody for attending.