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.
The assessment highlights the extensive damage sustained across multiple sectors and the pressing need for financial assistance to rebuild the country’s infrastructure and economy.
The report details the destruction of essential infrastructure, including roads, electricity grids, and water systems, as well as significant damage to residential and commercial properties. It warns that without substantial international support, Lebanon’s recovery could be severely hampered, exacerbating the ongoing economic crisis.
Already facing one of the worst financial downturns in its history, Lebanon is struggling to manage inflation, currency devaluation, and a deteriorating public sector. The World Bank has urged international donors and financial institutions to mobilize resources to help rebuild the country.
Lebanese authorities are expected to outline a comprehensive recovery strategy in the coming months, focusing on immediate humanitarian needs and long-term economic stabilization. However, concerns over governance, corruption, and financial mismanagement may pose challenges in securing the necessary funding.
The destruction left by the conflict has displaced thousands, crippled key industries, and placed immense strain on an already fragile economy. Experts warn that if decisive action is not taken, Lebanon could face prolonged instability and worsening social conditions.
The World Bank’s findings underline the urgency of coordinated international efforts to support Lebanon’s reconstruction, emphasizing the need for transparency and effective implementation of recovery programs.