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Lebanon secures preliminary approval to increase World Bank loan to $400 million
Lebanon Economy
23-04-2025 | 11:04
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Lebanon secures preliminary approval to increase World Bank loan to $400 million
Finance Minister Yassine Jaber announced that Lebanon has received preliminary approval to raise the value of a World Bank loan for reconstruction from $250 million to $400 million.
Jaber said Lebanon is set to receive approximately $1 billion in concessional loans with repayment periods that could extend up to 50 years. The funding will be distributed as follows: $250 million—set to be signed Wednesday—for electricity infrastructure, particularly transmission networks; $256 million for the water sector; $200 million for agriculture; and another $200 million for social development.
Jaber and the Lebanese delegation continued their meetings on the third consecutive day in Washington.
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