Lebanon’s Finance Minister Yasin Jabbar reveals that the World Bank has prepared a preliminary plan for a $1 billion reconstruction project aimed at restructuring and liquidation of infrastructure caused by the Israeli war with Lebanon. The DPA reported.
The plan includes a $250 million initial funding commitment from the World Bank.
Javer said that once the bank approves funds, the World Bank’s presence is essential and other countries will contribute to the advancement of the project as it adds credibility to the initiative.
“As I mentioned, this study is preliminary and evaluates both direct and indirect losses of reconstruction.”
He further explained that economic activity declined in 2024, which is considered an indirect loss. “Efforts are needed to quickly prepare this project for success. This project could be presented to the World Bank board by the end of March,” the minister added.