US EditionWorld Bank approves over $1 billion for projects in Lebanon, Syria and Iraq
- On June 25, 2025, the World Bank approved more than $1 billion to fund infrastructure development and reconstruction efforts across Iraq, Syria, and Lebanon, supporting the region’s economic recovery and growth.
- This funding follows extensive regional conflict and economic crises, including Lebanon's war and Syria's 14-year civil war ending with Assad's fall in December.
- Key projects include $930 million to improve Iraq's railway linking the Gulf to Turkey and Europe, $250 million for Lebanon's reconstruction, and $146 million to restore Syria's electricity.
- Director Carret explained that Leap is designed as a flexible $1 billion initiative that brings together development partners and supports government reform efforts in Lebanon and Iraq.
- These initiatives aim to boost economic growth, create jobs, enhance connectivity, and address critical needs like electricity to facilitate refugee returns and long-term recovery.
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Arab News+2 Reposted by 2 other sources
World Bank announces $250 mn for Lebanon reconstruction
·Riyadh, Saudi Arabia
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World Bank's Multi-Billion Aid Fuels Infrastructure Growth in Middle East
The World Bank has approved over USD 1 billion for major infrastructure and reconstruction projects in Iraq, Syria, and Lebanon. Iraq receives the largest portion, with USD 930 million allocated to revitalize its railway system. Funding to Syria and Lebanon focuses on energy reconstruction and essential infrastructure restoration respectively.
·India
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Coverage Details
Total News Sources17
Leaning Left5Leaning Right1Center5Last UpdatedBias Distribution45% Left, 45% Center
Bias Distribution
- 45% of the sources lean Left, 45% of the sources are Center
45% Center
L 45%
C 45%
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