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BREAKING
Al Mayadeen's Beirut Bureau Chief Roni Alfa: This Israeli aggression says that issue of negotiating with Lebanon is not on table, and that "Israel" will not abide by Resolution 1701.
Al Mayadeen's correspondent: Preliminary casualty toll of Israeli aggression on Southern Suburb of Beirut now at one martyr, 21 wounded.
Ammar: Palestinian experience shows that settlements and talk of peace cannot emanate from enemy that blatantly declares its intent to expand.
Ammar: Unfortunately, enemy is emboldened to commit its aggression by voices within Lebanon that have turned themselves into tools that support its aggression.
Ammar: We are in a full-fledged battle with enemy, and walk at a different pace; we will set the time [for a response].
Ammar: Resistance dealing with utmost wisdom, patience, and will confront this enemy at appropriate time.
Ammar: Any attack on Lebanon is violation of red lines, this aggression is part and parcel of entity which targets Lebanon's dignity, sovereignty, and security of citizens.
Lebanese MP Ali Ammar from attack site: Israeli aggression has attacked entirety of Lebanon since Washington-sponsored ceasefire.
Israeli media citing senior US official: We were not informed prior to strike, but as it was underway.
Israeli media: US had been informed of planned escalation against Lebanon.

World Bank estimates Lebanon's reconstruction needs at least $11bln

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Mar 2025 19:10
2 Min Read

Lebanon's economy contracted by 7.1% in 2024, with the World Bank estimating the total economic losses at $14 billion.

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  • AP
    Arabic graffiti on a house destroyed by the Israeli air and ground offensive reads, "We will not be humiliated," right; "Khiam is Golani's graveyard," referring to an IDF unit, center, and "Our flag will not be dropped," left, in the southern town of Khiam, southern Lebanon, Monday, Feb. 17, 2025 (AP Photo/Hassan Ammar) 

The World Bank has estimated that Lebanon will require $11 billion for reconstruction and recovery following the 14-month Israeli aggression on Lebanon.

The funding is expected to come from both public and private sources, with $3 billion to $5 billion needed from government funds and $6 billion to $8 billion from private investments.

"Reconstruction and recovery needs following the conflict that affected Lebanon are estimated at US$11 billion," the World Bank stated.

The war, which began on October 8, 2023, caused extensive destruction, leaving thousands dead and displacing many more.

Lebanon's economy contracted by 7.1% in 2024, with the World Bank estimating the total economic losses at $14 billion.

This includes $6.8 billion in damage to infrastructure and $7.2 billion in losses from reduced productivity, foregone revenues, and operational costs.

A US-brokered ceasefire went into effect on November 27, 2024.

"Israel" was expected to pull out entirely, but reports indicate that Israeli forces remain stationed in five areas of southern Lebanon, raising concerns over the full implementation of the ceasefire.

Read more: Lebanese Army warns against Israeli escalation in south

As of December 20, 2024, Lebanon's National News Agency (NNA) reported that "Israel" had violated the ceasefire agreement at least 259 times since its implementation on November 27, 2024, resulting in 31 martyrs and 39 injuries. 

More recently, on January 26, the United Nations Interim Force in Lebanon (UNIFIL) accused "Israel" of violating the ceasefire by continuing destruction in residential and agricultural areas of southern Lebanon.

UNIFIL called for "Israel's" timely withdrawal from these regions in compliance with UN Resolution 1701. ​

  • World Bank
  • Israel
  • Lebanon ceasefire
  • Lebanon
  • Israeli war on Lebanon

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