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World Bank Appoints New Country Manager for Lebanon

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

Banks World Bank lebanon 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, 24/06 21:20 - Reading : 2 minute(s)

Banks Nizar Hani lebanon 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, 23/06 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, 20/06 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 ...

Lebanon and World Bank Prepare Launch of Reconstruction Fund

This is Beirut, 28/05 20:55 - Reading : 2 minute(s)

Banks Los Angeles Yassin Jaber Jean-Christophe Carret World Bank

In a bid to accelerate Lebanon’s post-war recovery, Finance Minister Yassine Jaber met with Jean-Christophe Carret, the World Bank’s Regional Director, on Wednesday to discuss the imminent launch of the Lebanon Emergency Assistance Project (LEAP), a reconstruction initiative designed to channel international aid into rebuilding efforts through ...

Lebanon Seeks World Bank Loans to Boost Energy, Water Sectors

This is Beirut, 16/05 18:50 - Reading : less than a minute

Lebanon Energy Water Infrastructure Loan World Bank

Lebanon is advancing efforts to tackle its energy and water crises by activating two major loans from the World Bank. Finance Minister Yassine Jaber announced that the Council of Ministers has approved Decree No. 217, tied to a $250 million loan to develop renewable energy and strengthen the national power grid. The project, prepared on an urgent ...

World Bank to Restart Operations in Syria Following Saudi, Qatari Payment of Debts

This is Beirut, 16/05 17:35 - Reading : 1 minute(s)

Syria World Bank Qatar Saudi Arabia

The World Bank on Friday said it would restart operations in Syria following a 14-year pause, after Saudi Arabia and Qatar had paid off the country's outstanding debts. The Bank's operations in Syria were halted when the civil war broke out in 2011, preventing the country from gaining access to its development loans, grants, and technical ...

Washington: Hezbollah’s Financing and Disarmament are Interconnected

Bassam Abou Zeid, 26/04 18:40 - Reading : 2 minute(s)

Hezbollah International Monetary Fund Qard al-Hassan World Bank Lebanon US treasury

Combating the financing of terrorism was a central topic for the official Lebanese delegation at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington. The most significant discussions were held with US Treasury Department officials, particularly involving Finance Minister Yassine Jaber and Central Bank ...

US Roadmap for Lifting Sanctions on Syria Takes Center Stage

Amal Chmouny, 26/04 11:30 - Reading : 4 minute(s)

Syria Washington Sanctions Saudi Arabia Qatar World Bank

As Syria stands at a pivotal crossroads, the urgent question of lifting US and international sanctions takes center stage. These sanctions have profoundly impacted the nation's economy and governance since the outbreak of the civil war. With the Syrian interim government, now led by President Ahmed al-Sharaa, striving to stabilize the country and ...

Syria Ministers to Attend IMF and World Bank Meetings Next Week

This is Beirut, 14/04 19:30 - Reading : 2 minute(s)

IMF World Bank Syria

Syrian ministers and the country's central bank chief are to take part in the International Monetary Fund and World Bank's spring meetings in Washington next week, two sources told AFP on Monday. Foreign Minister Asaad al-Shaibani, Finance Minister Mohammed Barnieh and central bank governor Abdul Qadir al-Hasriya were set to join the April 21-26 ...

World Bank Delegation Tackles Key Reforms to Boost Lebanon's Economic Stability

This is Beirut, 21/03 20:25 - Reading : 2 minute(s)

World bank Lebanon Finance

Finance Minister Yassine Jaber held a high-level meeting with World Bank representatives on Friday to review the progress of the Public Financial Management Project (FMP) and its restructuring. At the heart of the discussions was the project’s role in supporting Lebanon’s economic stability, with a focus on strengthening tax collection ...

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