Thick smoke escaping from a building destroyed by an Israeli strike on the southern suburbs of Beirut on Nov. 21, 2024. (Credit: Mohammad Yassin/L'Orient-Le Jour)
The World Bank finalized and published its definitive report on the damages and losses suffered by Lebanon due to the war between Israel and Hezbollah, which took place from Oct. 8, 2023, to the truce on Nov. 27, 2024.The report, conducted in cooperation with the governments of Nawaf Salam and Najib Mikati, estimated the cost of recovery and reconstruction at $11 billion in the "short and medium term," slightly less than the $12 billion that was discussed at the same meeting. The World Bank broke down this amount as follows: $8.4 billion in "immediate" needs for the period 2025-2027 and an additional $2.6 billion in the "medium term," between 2028 and 2030.The World Bank assessed the total damage costs at $6.8 billion in regions affected by Israeli bombings, with economic losses amounting to $7.2 billion. These estimates cover the period...
The World Bank finalized and published its definitive report on the damages and losses suffered by Lebanon due to the war between Israel and Hezbollah, which took place from Oct. 8, 2023, to the truce on Nov. 27, 2024.The report, conducted in cooperation with the governments of Nawaf Salam and Najib Mikati, estimated the cost of recovery and reconstruction at $11 billion in the "short and medium term," slightly less than the $12 billion that was discussed at the same meeting. The World Bank broke down this amount as follows: $8.4 billion in "immediate" needs for the period 2025-2027 and an additional $2.6 billion in the "medium term," between 2028 and 2030.The World Bank assessed the total damage costs at $6.8 billion in regions affected by Israeli bombings, with economic losses amounting to $7.2 billion. These estimates cover the...
Israel continues attacks on southern Lebanon, demolishes buildings in Bint Jbeil