Lebanon's Finance Minister Yassine Jaber told Reuters on Friday that the World Bank is working to create a $1 billion fund for reconstruction efforts in the country.
Yassine Jaber © EU/Anwar Amro
Lebanon's Finance Minister Yassine Jaber told Reuters on Friday that the World Bank is working to create a $1 billion fund for reconstruction efforts in the country.
"The World Bank is putting in the seed money of $250 million and donors fill in the rest, $750 million," Jaber told Reuters.
Reporting by Maya Gebeily
A Lebanese official denied on Thursday a Reuters report that Beirut had agreed with Israel to a shortlist of countries that could send troops to Lebanon to verify the disarmament of Lebanese militant group Hezbollah, and said it was following up on the issue with Washington.
Israel won't withdraw from southern Lebanon until Hezbollah is disarmed, the defence minister said on Thursday, qualifying remarks he made a day earlier that had suggested Israeli forces would occupy the territory indefinitely and drew U.S. criticism.
Israel and Lebanon have agreed on Britain, Italy, Switzerland and Indonesia as potential contributors to a proposed mechanism that could see foreign troops deployed to Lebanon to verify Hezbollah's disarmament, people familiar with the matter said.
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