View of one of Beirut's neighborhoods, October 8, 2024. (Credit: Mohammad Yassine/OLJ)
The World Bank, currently holding its joint annual meetings with the International Monetary Fund in Washington, published its annual report on Friday outlining its key projects.This report is supplemented by another, released on Oct. 17, focused on the MENA region. Lebanon, whose situation is deemed highly uncertain due to security concerns, is mentioned several times in both documents. However, a full assessment of the Lebanese economy from the World Bank will only be available in the upcoming Lebanon Economic Monitor (LEM), a semi-annual report typically published before Christmas. In June, the World Bank had ultimately refrained from publishing the previous LEM, citing an already high level of uncertainty. Read more Economic losses from war in Lebanon may exceed $20 billion For now, the World Bank has maintained its forecast of a...
The World Bank, currently holding its joint annual meetings with the International Monetary Fund in Washington, published its annual report on Friday outlining its key projects.This report is supplemented by another, released on Oct. 17, focused on the MENA region. Lebanon, whose situation is deemed highly uncertain due to security concerns, is mentioned several times in both documents. However, a full assessment of the Lebanese economy from the World Bank will only be available in the upcoming Lebanon Economic Monitor (LEM), a semi-annual report typically published before Christmas. In June, the World Bank had ultimately refrained from publishing the previous LEM, citing an already high level of uncertainty. Read more Economic losses from war in Lebanon may exceed $20 billion For now, the World Bank has maintained its forecast of...