INSUBCONTINENT EXCLUSIVE:
The World Bank released a comprehensive report today revealing Lebanon needs $11 billion for post-war reconstruction and recovery.The
assessment covers damages across ten sectors between October 2023 and December 2024 during the Israel-Hezbollah conflict
The war devastated critical infrastructure throughout the country, particularly in southern regions.The report details that Lebanon must
secure $3-5 billion through public financing channels
Private investors must provide the remaining $6-8 billion, primarily for housing, commerce, tourism, and industrial sectors.Housing suffered
the most extensive damage, reaching $4.6 billion with thousands of destroyed or damaged units
Commerce, tourism, and industry sectors recorded combined losses of $3.4 billion nationwide.The World Bank attributes these staggering
figures to physical destruction, diminished productivity, and lost revenue opportunities
Following Israel-Hezbollah War
The country would have experienced 0.9% growth without the war
The cumulative economic decline since 2019 now approaches a staggering 40%.The 14-month conflict began when Hezbollah launched rockets into
Israel on October 8, 2023
This attack came one day after Hamas attacked southern Israel
The situation escalated into full-scale war by September 2024 before a US-brokered ceasefire took effect in November.The International
Monetary Fund announced plans to send representatives to Lebanon next week
They will discuss reconstruction priorities and potential financing options with Lebanese authorities
