25/6/2025–|Last update: 17:20 (Mecca time)
Declare World Bank Today, Wednesday, a $ 250 million financing to support Lebanon’s efforts to restore and reconstruct the infrastructure affected by the recent war between Hezbollah And Israel, coinciding with its approval of a $ 146 million grant to improve electricity supplies in neighboring Syria.
After a devastating war between Hezbollah and Israel, it ended with a ceasefire last November, the World Bank estimated the needs of recovery and reconstruction by about $ 11 billion.
The World Bank said in a statement: “The Board of Executive Directors of the World Bank approved yesterday’s financing of $ 250 million Saudi Arabia To support the restoration and reconstruction of the essential infrastructure affected in an emergency manner and restore vital services, in addition to strengthening the sustainable management of rubble and rubble in the affected areas.
Expansion
The regional director of the department said The Middle East Group Jean -Christophe Carre has: “Given the huge reconstruction needs faced by Lebanon, this project was designed to serve as an expandable framework, with a value of up to one billion dollars, with a preliminary contribution of $ 250 million from the World Bank.”
After the announcement, the Prime Minister said Nawaf Salam This support “constitutes a basic step in reconstruction by responding to biological infrastructure damage and basic services in the affected areas,” and “enhances recovery efforts within the state -led executive framework, and allows attracting additional financing we desperately need.”
The war between Hezbollah and Israel resulted in massive destruction in large areas of Southern Lebanon East and in the southern suburb of Beirut, and the country also affected huge economic losses.
One of the most prominent challenges facing the authorities is the most prominent challenge facing the authorities Beirut On external support, especially from the Arab Gulf countries, to obtain assistance to finance reconstruction and economic recovery.
Syria grant
In another statement, the World Bank announced a grant of “$ 146 million from the International Development Corporation, to help Syria restore reliable electricity supplies at affordable prices and support the country’s economic recovery” 14 years after a devastating war in the country.
The project is funded:
- Rehabilitation of high tension lines, including two main electrical connection lines with a capacity of 400 kW, were damaged during the conflict years.
- Repairing the subsidiary of the affected high tension transformers.
- Providing the necessary spare parts and maintenance equipment.
“Among the urgent needs of reconstruction in Syria, the rehabilitation of the electricity sector has emerged as a vital investment to improve the living conditions of the Syrian people, support the return of refugees and displaced people internally, as well as enabling the resumption of other services such as water and health care services for the population, and helping to advance the wheel of economic recovery.”
He added: “This project represents the first step in the plan to increase the World Bank’s support for Syria in its march towards recovery and development.”
The years of conflict caused severe damage to the main infrastructure, especially electricity. With the destruction or damage of the main stations and the lack of maintenance, the hours of legalization exceeded 20 hours per day in recent years.
The grant came after the two ministries of money in Saudi Arabia and Qatar announced the payment of the arrears of Syria with the group of about 15 million dollars, as part of their efforts to “support and accelerate the pace of economy recovery” Syria.
The new Syrian authorities are working, shortly by lifting Western sanctions, to advance the wheel of economic recovery in preparation for the start of the construction stage United Nations It cost him more than $ 400 billion.