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
The leader of Yemen's Houthis said on Friday the group would resume its naval operations against Israel if Israel did not lift a blockage of aid into Gaza within four days, signaling a possible escalation from the Houthis after their assaults tailed off in January following a ceasefire in the enclave.
Lebanon will require an estimated $11 billion for reconstruction and recovery following the conflict with Israel, according to a report released by the World Bank on Friday.
More than 180 migrants are missing and feared dead after two boats they were travelling in capsized in rough seas off Yemen on Thursday, the International Organisation for Migration said.
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