Skip to main content

Lebanon's finance minister says World Bank working on $1 billion reconstruction fund

1 min Mena Today

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

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

Related

Hezbollah

Hezbollah gets $200 million from Iran, sources say

Hezbollah has received $200 million from Iran to help Lebanese displaced by this year’s war with Israel, two people with direct knowledge of the transfer said, the first significant aid from the group to supporters who bore the brunt of the conflict.

Israel

Israel commemorates October 7 victims

Israelis will on Wednesday mark three years since Hamas attacked Israel on October 7, 2023, triggering a military assault that destroyed much of Gaza, where conditions remain dire despite a year-old ceasefire that is meant to halt the war for good.

Turkey

Carney to travel to Turkey for talks with Erdogan

Canadian Prime Minister Mark Carney will travel to Ankara and Istanbul from October 21 to 23, his office said on Tuesday, in what will be the first dedicated bilateral visit to NATO ally Turkey by a Canadian leader.

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.