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Finance, energy ministers say World Bank backing boosts Lebanon's power sector reforms

16-01-2026 | 07:03

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Finance, energy ministers say World Bank backing boosts Lebanon's power sector reforms

Finance Minister Yassine Jaber said Lebanon is seeking to cover the budget deficit through long-term loans, highlighting ongoing projects in sectors including water and agriculture, following a meeting with a World Bank delegation.

Speaking after the talks, Jaber said a grant provided by the World Bank will help the Ministry of Energy and Electricité du Liban (EDL) move forward with an implementation plan tied to a $250 million loan. He noted that part of the financing will support a power generation project through a solar energy plant.

Energy Minister Joe Saddi said confidence is gradually returning to Lebanon’s electricity sector, thanking the World Bank for its continued support.

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Lebanon Economy

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Yassine Jaber

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Joe Saddi

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