Lebanon gets $250 million World Bank loan to ease electricity crisis

Lebanon receives USD 250M World Bank loan to reform electricity sector

Beirut: Lebanon has signed a USD 250 million loan agreement with the World Bank to support critical reforms in its struggling electricity sector, according to media reports. The agreement was signed by Lebanese Finance Minister Yassine Jaber and World Bank Regional Director Jean-Christophe Carret, both describing the loan as a significant step toward improving Lebanon’s power infrastructure and governance, Xinhua news agency reported. “This loan…

Lebanon gets $250 million World Bank loan to ease electricity crisis

The World Bank has given Lebanon a $250 million loan to help ease electricity cuts in the crisis-hit country.

World Bank grants Lebanon $250mln loan to tackle power crisis

Lebanon secures a World Bank $250 million loan to address power cuts and boost infrastructure recovery after the Israeli war on the country.

Lebanon secures $250m World Bank loan to tackle power crisis

The World Bank has granted Lebanon a $250 million loan aimed at helping alleviate persistent power cuts worsened by last year's war between Israel and Hezbollah, the country's finance ministry said on Thursday. Even before the conflict, Lebanon had for years been struggling with a severe shortage of imported fuel and poor infrastructure. Following the conflict, however, the World Bank said it would need around $11 billion for reconstruction and …

Lebanon secures $250 million loan from World Bank to rehabilitate electricity sector

Frequency of power outages in Lebanon has significantly increased due to government's financial distress - Anadolu Ajansı

Lebanon granted 'preliminary approval' for higher reconstruction loan from World Bank

Israeli attacks on Lebanon devastated large areas of the country, causing extensive damage to civilian infrastructure and agricultural land due to the continued use of white phosphorus