This is Beirut - world bank

World Bank Commits $250 Million to Lebanon’s $1 Billion Fund

This is Beirut, 28/02 17:25 - Reading : 2 minute(s)

The World Bank (WB) has allocated $250 million toward Lebanon’s recovery, as confirmed by Ousmane Dione, the WB Vice President for the Middle East and North Africa, following a meeting with Finance Minister Yassine Jaber on Friday. Dione further emphasized the aim to secure an additional $250 million by partnering with a group of international ...

Reconstruction in the Hands of the State and Hezbollah

Bassam Abou Zeid, 22/02 12:05 - Reading : 2 minute(s)

Hezbollah Iran Reconstruction World Bank

With Sayyed Hassan Nasrallah’s funeral set to conclude this Sunday, Hezbollah will soon face pressing challenges it has sought to evade — both within its own ranks and across Lebanese society. The Hezb urgently needs a massive influx of Iranian funds to fulfill its long-standing reconstruction promises. However, recent developments indicate a ...

Aoun Meets with World Bank VP, Reaffirms Commitment to Reforms

This is Beirut, 29/01 15:30 - Reading : 1 minute(s)

Lebanon World Bank Joseph Aoun

President Joseph Aoun reiterated on Wednesday Lebanon’s readiness to implement the necessary reforms, as outlined in his inaugural address. During a meeting with Ousmane Dione, the World Bank’s Vice President for the Middle East and North Africa, President Aoun emphasized that one of the primary objectives of the new government will be to ...

Yassin Inspects Progress at Karantina Sorting Plant

This is Beirut, 20/01 15:30 - Reading : less than a minute

Lebanon Environment Nasser Yassine UNDP World Bank

Caretaker Minister of Environment Nasser Yassin, accompanied by Beirut Governor Marwan Abboud, inspected the Karantina waste sorting plant to assess ongoing restoration efforts. The facility sustained severe damage during the Beirut port explosion on August 4, 2020. According to Yassin, the plant is expected to resume operations by the end of ...

World Bank Sees Slow and Steady Global Growth

This is Beirut, 17/01 12:40 - Reading : 2 minute(s)

Banks Covid-19 Europe Middle East World Bank

Global growth should remain stable this year and next, but at recent historic lows, the World Bank said Thursday, expressing particular concern about growth in developing countries. Growth should hit 2.7 percent in 2025 and 2026, in line with the level reached last year, the World Bank announced in a new report, adding that inflation and interest ...

Figure of the Week: Lebanon's Price Surge – 4.9% Rise in Dollars, 5970% in Lebanese Pounds (2019-2024)

Liliane Mokbel, 2024-12-28 12:00 - Reading : less than a minute

Banks prices inflation crisis world bank

In Lebanon, prices in dollars rose by 4.9% between September 2019 and September 2024, according to the World Bank. Meanwhile, the Central Directorate of Statistics reports a staggering 5970% increase in prices in Lebanese pounds over the same period.

Berri and Carret Discuss Post-War Reconstruction

This is Beirut, 2024-12-17 19:40 - Reading : 1 minute(s)

Lebanon World Bank Nabih Berri Jean-Christophe Carret

Speaker Nabih Berri received Jean-Christophe Carret, the Director of the Middle East and North Africa Department at the World Bank, at Ain al-Tineh for a meeting focused on the post-war reconstruction of regions devastated by Israeli airstrikes. The discussions particularly addressed projects and programs planned within this framework, ...

Cumulative Decline in Real GDP Since 2019 to Over 38% According to WB

This is Beirut, 2024-12-10 22:40 - Reading : 3 minute(s)

World Bank Lebanon

According to the latest World Bank (WB) report on Lebanon’s economy (LEM), published on Tuesday, Lebanon’s real GDP growth was reduced by approximately 6.6% in 2024 due to the conflict between Hezbollah and Israel, bringing the cumulative decline in real GDP since 2019 to over 38%. This growing contraction reflects the devastating impact of ...

Assessment of Infrastructure Damage: A Collaboration Between the Government and the World Bank

Liliane Mokbel, 2024-11-20 18:00 - Reading : 2 minute(s)

Economy World Bank

Even before rebuilding residential and commercial units, priority will be given to restoring infrastructure as soon as hostilities end. This step is crucial to reestablishing the normal functioning of the social and economic fabric within any community. In this context, the caretaker government led by Najib Mikati, with the support of the World ...

World Bank: Damages and Losses in Lebanon Conflict Estimated at $8.5 Billion

This Is Beirut, 2024-11-14 17:15 - Reading : 2 minute(s)

World Bank Lebanon Economy conflict losses

The World Bank has published on Thursday an initial assessment report of the impact of conflict on Lebanon’s Economy and Key Sectors. According to a new World Bank report, the cost of physical damages and economic losses due to the conflict in Lebanon is estimated at USD 8.5 billion. The Lebanon Interim Damage and Loss Assessment (DaLA) finds ...

world bank