World Bank Unveils $1 Billion Lebanon Reconstruction Programme

The World Bank has initiated a $1 billion reconstruction programme for Lebanon, which includes a $250 million loan. The remaining funds will be sourced from international aid. This initiative was announced by the Lebanese prime minister's office.

The World Bank has rolled out an ambitious $1 billion programme aimed at the reconstruction of Lebanon, according to a statement released by the Lebanese prime minister's office on Wednesday.

This comprehensive programme is structured to include a loan of $250 million, while the remaining funding will be acquired through international aid, signifying a collaborative international effort to support Lebanon's recovery.

The announcement underscores an important step in Lebanon's journey towards rebuilding and gaining economic stability following financial and infrastructural challenges.

(With inputs from agencies.)