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World Bank launches $1 billion reconstruction fund for Lebanon, post-explosion and financial crisis.
Lebanon's Finance Minister, Yassine Jaber, announced that the World Bank is setting up a $1 billion reconstruction fund for the country, with the World Bank contributing $250 million and the rest from donors.
This fund aims to support Lebanon's economic recovery following crises including a financial crisis and the 2020 Beirut explosion.
The World Bank expects Lebanon to implement necessary reforms to attract further international support.
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El Banco Mundial pone en marcha un fondo de reconstrucción para el Líbano por valor de 1.000 millones de dólares, después de la explosión y la crisis financiera.