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World Bank offers $1 billion for Lebanon's reconstruction, including a $250 million loan
Reuters
The World Bank has unveiled a $1 billion program for Lebanon's reconstruction, including a $250 million loan, to help rebuild the country's economy and infrastructure after years of instability and the 2020 Beirut port explosion.
The World Bank has unveiled a $1 billion program to support Lebanon's reconstruction efforts, including a $250 million loan to help the country recover from its economic challenges. The program aims to address critical infrastructure needs and improve key sectors like healthcare and education.
Lebanese Prime Minister Najib Mikati welcomed the support, acknowledging the significant challenges Lebanon faces as it works to rebuild after years of economic instability and the devastating 2020 Beirut port explosion. The funding is seen as a vital step in stabilizing the country and providing much-needed relief to the Lebanese people.
With the program's launch, the World Bank demonstrates its commitment to assisting Lebanon in its recovery, but the road to full recovery will require continued cooperation and reform efforts from the Lebanese government.
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