BEIRUT, Lebanon, March 7 (UPI) --The World Bank issued a new estimate Friday for Lebanon's reconstruction and recovery needs following 14 months of Israel-Hezbollah destructive war, putting it at ...

Top Lebanese officials said Monday they want to prevent the country, which is still recovering from the recent ...

GDP per capita dropped by 36.5% between 2019 and 2021, and Lebanon was reclassified by the World Bank as a lower-middle income country, down from upper middle-income status in July 2022. Such a brutal ...

BEIRUT, Lebanon, Dec. 10 (UPI) --The World Bank said Tuesday that the Israel-Hezbollah conflict has dealt another significant blow to Lebanon's already struggling economy and emphasized the ...

The cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at $11 billion, the World Bank said in a report on Friday. The report by the World Bank ...

The report by the World Bank’s Lebanon Rapid Damage and Needs Assessment covered damage and losses in 10 sectors nationwide between Oct. 8, 2023, and Dec. 20, 2024. It estimates that of the $11 ...

BEIRUT (AP) — The World Bank will grant Lebanon a $250 million loan that will be used to help ease electricity cuts in the crisis-hit country, the country’s finance ministry said Thursday.

Clearing debris in Beirut after a strike in October. The World Bank estimates that Lebanon needs a total of $11 billion for reconstruction after the war.Credit...David Guttenfelder for The New ...

Lebanon has been running on a cash economy ... pulling almost half the population into poverty, according to the World Bank. The country has struggled to reach an International Monetary Fund ...