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