Lebanon has received key recommendations from the World Bank (WB) concerning the country’s reconstruction efforts. According to information reported by LBCI, in a recent meeting at the Grand Serail, members of the WB delegation stressed the need to establish a dedicated reconstruction fund, along with reforms to ensure financial transparency.
These recommendations come at a time when Lebanon is seeking to establish solid relations with the international community and donor countries. The WB asserts that clear and transparent management of financial resources is essential to regaining the confidence of international partners and securing the aid needed for recovery.
Ministerial sources told LBCI that the World Bank’s preliminary assessments of damage and losses have reached $14 billion, with a further $12 billion in “needs.” These figures highlight the scale of the disaster and the significant resources required to rebuild the country.
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