The World Bank (WB) Managing Director of Operations, Anna Bjerde, has embarked on a two-day visit to Lebanon, aimed at engaging with stakeholders regarding the latest socio-economic developments in the country.
This visit underscores the World Bank’s unwavering support for Lebanon during these challenging times. Accompanying her is Ousmane Dione, the newly appointed Vice President for the Middle East and North Africa region.
The primary focus of the visit will be the World Bank’s assistance in implementing urgent reforms crucial for laying the groundwork for Lebanon’s economic recovery. Additionally, discussions will center on meetings with Carl Skau, the Deputy Executive Director and Head of Operations at the World Food Programme (WFP), as well as beneficiaries of the World Bank-funded Emergency Social Safety Net (ESN) project. This is aimed at evaluating the impact of targeted social protection assistance provided to the most disadvantaged Lebanese households.
It is worth noting that the international community consistently urges Lebanon to undertake structural reforms. These reforms are vital not only for restoring confidence among international stakeholders and Lebanese citizens in the financial system but also for averting further crises.
Furthermore, discussions will delve into the World Bank’s forthcoming support initiatives over the next few years. These include ensuring water security, enhancing the availability of affordable renewable energy, and modernizing public services through digitization. These endeavors are geared towards assisting Lebanon in transitioning towards medium- and long-term development. They are based on analytical studies and reports, which will help formulate pragmatic policies.
