This is Beirut - World Bank

WB Approves $350 Million to Support Lebanon’s Recovery and Digital Transformation

This is Beirut, 27/01 15:40 - Reading : 1 minute(s)

On Monday, the World Bank’s Board of Executive Directors approved $350 million in new financing to help Lebanon address the basic needs of its poorest and most vulnerable populations while advancing the digital transformation of public services. The funding, split between two projects, aims to provide social protection, promote economic ...

Beirut Port Climbs to 54th in Global Ranking

This is Beirut, 2025-09-26 10:45 - Reading : less than a minute

Lebanon Banks Beirut Port World Bank

The Port of Beirut has registered a major leap in the World Bank’s Container Port Performance Index 2024, published on Friday. It ranked 54th worldwide, consolidating its role as a key regional hub for logistics and trade. The rise marks a sharp improvement from 81st place in 2023 and 323rd in 2022, reflecting the port’s modernization ...

Iraq Signs $1bn Investment Deals with World Bank's IFC

This is Beirut, 2025-09-13 15:30 - Reading : 1 minute(s)

Iraq IFC World Bank

Iraq signed on Saturday investment deals worth $1 billion in its energy, agriculture and finance sectors with the World Bank's private sector arm, as the country seeks to build on its economic recovery following years of unrest. At a ceremony marking two decades of the International Finance Corporation's presence in Iraq, Prime Minister Mohammed ...

Friday Cabinet Meeting to Tackle Security, Energy and Military Issues

This is Beirut, 2025-09-03 12:30 - Reading : 2 minute(s)

Lebanon Lebanese Army Banks EDL Kuwait World Bank Cabinet

The cabinet’s upcoming meeting on Friday will discuss several issues, in addition to reviewing the Lebanese army’s plan to secure the state’s monopoly on weapons. According to the General Secretariat of the Council of Ministers, an addendum was circulated on Wednesday for the September 5 session, adding “pressing issues” to the agenda ...

Nawaf Salam Appeals for Support in Disarming Hezbollah

This is Beirut, 2025-08-29 18:50 - Reading : 2 minute(s)

Nawaf Salam Nawaf Salam Hezbollah World Bank

Prime Minister Nawaf Salam announced on Friday that the Lebanese government was moving forward with the plan to disarm Hezbollah. He stressed that Lebanon’s fragile state institutions and army will require significant international support to implement the plan successfully. Salam highlighted the urgent financial needs of the country, citing ...

Lebanon Secures $250 Million World Bank Loan for Reconstruction

This is Beirut, 2025-08-26 16:40 - Reading : 1 minute(s)

Nawaf Salam Lebanon Banks United Nations Yassin Jaber Fayez Rassamni World Bank Joe Saddi

Lebanon signed a $250 million loan agreement with the World Bank on Tuesday to begin repairing infrastructure damaged by Israeli airstrikes since October 2023, marking the first step in a broader reconstruction effort. Finance Minister Yassine Jaber signed the deal with World Bank regional director Jean-Christophe Carret in Beirut, in a ceremony ...

Lebanon Pushes Ahead with Reconstruction

This is Beirut, 2025-08-25 19:45 - Reading : 2 minute(s)

Lebanon Reconstruction Nawaf Salam World Bank

The Ministerial Committee for Reconstruction and Economic Recovery, chaired by Prime Minister Nawaf Salam, met on Monday at the Grand Serail with Finance Minister Yassine Jaber, Energy and Water Minister Joe Saddi, Social Affairs Minister Haneen Sayed, Telecommunications Minister Charles Hage, Public Works and Transport Minister Fayez Rasamny and ...

World Bank Appoints New Country Manager for Lebanon

This is Beirut, 2025-07-02 17:55 - Reading : less than a minute

Lebanon Banks World Bank Enrique Blanco Armas

The World Bank has named Enrique Blanco Armas as its new Country Manager for Lebanon, the institution announced on Wednesday. Based in Beirut, Blanco Armas will lead and unify the World Bank Group’s efforts across its various arms, IBRD, IDA, IFC and MIGA, aimed at supporting Lebanon’s recovery and development. Previously a manager at the ...

Parliamentary Committees Approve $200 Million WB Loan to Revitalize Agricultural Sector

This is Beirut, 2025-06-24 21:20 - Reading : 2 minute(s)

Lebanon Banks Nizar Hani GATE World Bank

In a move described as a “decisive step toward economic recovery and food security,” joint parliamentary committees on Tuesday approved a bill allowing Lebanon to sign a $200 million loan agreement with the World Bank (WB) to fund the Green Agri-Food Transformation for Economic Recovery (GATE) program. Backed by the Ministry of ...

Parliament Committee Approves Military Grants and Green Agriculture Loans

This is Beirut, 2025-06-23 15:40 - Reading : 1 minute(s)

Lebanon Parliament World Bank military grants agriculture

A joint parliamentary committee approved a draft law on Monday to open an additional credit line in the 2025 state budget, allocating monthly financial grants to military personnel. Under the proposed law, active-duty soldiers will receive LBP 14 million per month, while retired military personnel will receive LBP 12 million. Payments are ...

Six Million Dollars to Modernize Public Finances

This is Beirut, 2025-06-20 17:05 - Reading : 1 minute(s)

Lebanon Finance Ministry World Bank Lebanon Financing Facility

Lebanon has just secured $6 million in aid to strengthen its tax and land systems. This grant, obtained through the Lebanon Financing Facility (LFF), aims to support the Ministry of Finance's reform and digital transformation efforts. Established in January 2020 following the Beirut port explosion, the LFF brings together representatives from ...

The World Bank Unveils a Roadmap to Revitalize the Economy in 2025

This is Beirut, 2025-06-19 19:10 - Reading : 2 minute(s)

Lebanon Banks Middle East World bank

The World Bank forecasts real GDP growth of 4.7% for Lebanon in 2025, driven by a recovery in tourism, moderate growth in consumption and the beginnings of renewed confidence, despite persistently weak private investment. This hoped-for rebound is based on the implementation of a one-year multisectoral action plan designed to accelerate ...

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