New US$250 Million Project to Kickstart the Recovery and Reconstruction in Conflict-Affected Areas in Lebanon
Lebanon, June 25 -- The World Bank Board of Executive Directors approved yesterday a US$250 million financing to Lebanon to support the most urgent repair and reconstruction of damaged critical public infrastructure and lifeline services, and the sustainable management of rubble in conflict-affected areas. The Lebanon Emergency Assistance Project (LEAP) will prioritize and sequence interventions to maximize economic and social impact within the shortest timeframe and provide a phased approach to response, recovery and reconstruction.The Rapid Damage and Needs Assessment (RDNA) of the impact of the conflict in Lebanon between October 8, 2023, and December 20, 2024, estimated total direct damages across 10 sectors at US$7.2 billion, and recon...
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