World Bank: Lebanon needs over $10B for post-war reconstruction

2025-03-07T14:30:08+00:00

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Shafaq News/ Lebanon’s post-war
reconstruction and recovery needs are estimated at $11 billion, the World Bank
announced on Friday.

According to the 2025 Lebanon Rapid
Damage and Needs Assessment (RDNA), which evaluates the impact of the conflict
across ten sectors nationwide between October 8, 2023, and December 20, 2024,
at least $1 billion is needed for infrastructure, including municipal and
public services and irrigation, and a further $6-8 billion in private sector
investments, primarily in housing and trade.

Beyond reconstruction, the total
economic toll of the conflict is estimated at $14 billion. This includes $6.8
billion in damage to physical infrastructure and $7.2 billion in economic
losses stemming from reduced productivity, lost revenues, and increased
operational costs. The housing sector sustained the heaviest impact, with
damage reaching $4.6 billion, while trade, industry, and tourism suffered an
additional $3.4 billion in losses.

The economic toll has been
particularly severe in Nabatieh and South Lebanon, which were the hardest-hit
regions, followed by Mount Lebanon, which includes Beirut’s southern suburb.

From a broader macroeconomic
perspective, the report highlights a severe downturn, estimating that Lebanon’s
real GDP contracted by 7.1% in 2024. This marks a sharp decline from the 0.9%
growth projection had the conflict not occurred. By the end of 2024, Lebanon’s
cumulative GDP contraction since 2019 neared 40%.

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