World Bank approves over $1 billion for projects in Lebanon, Syria and Iraq

World Bank Approves First Aid to Syria in 40 Years to Rehabilitate Power Sector - The Syrian Observer

In a landmark development, Syria’s Ministry of Finance has announced that the World Bank has approved a financial grant—the first of its kind in four decades—to support the rehabilitation of the country’s devastated electricity sector. Describing the move as a “watershed moment,” Finance Minister Mohammad Yusr Barniyeh confirmed that the $146 million grant is not a loan but a direct, no-strings-attached financial contribution aimed at restoring …

World Bank approves over $1bn for projects in Iraq, Syria and Lebanon

The biggest amount went to Iraq, where the World Bank approved $930 million to help improve the country’s railway infrastructure, boost domestic trade and create jobs.

Syria receives IMF visit for first time since 2009

Conflict-torn country faces “enormous challenges”, says mission. Majority of GDP wiped out. Restoring power infrastructure alone could cost at least $40bn.

World Bank announces $250 mn for Lebanon reconstruction

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.

World Bank announces Lebanon, Syria reconstruction projects

The World Bank announced it had approved Sh32.5 billion to support Lebanon’s post-war reconstruction and Sh18.98 billion grant to Syria’s electricity sector.