Lebanon is facing an estimated $14 billion in damages and losses from nearly 14 months of Israeli attacks, according to preliminary figures from the World Bank.
While the figure remains unofficial, multiple government sources have leaked the information, emphasizing the conflict’s severe economic impact.
Government insiders revealed the World Bank’s assessment to LBCI after a high-level meeting at the Grand Serail. Prime Minister Nawaf Salam and a World Bank delegation led discussions on material damages, economic disruptions, and financial needs for recovery.
A separate source confirmed the estimate to L’Orient-Le Jour, though the World Bank has yet to release an official statement.
Beyond the reported $14 billion in damages and losses, the World Bank identified an additional $12 billion in critical reconstruction and recovery needs, underscoring the extensive devastation and Lebanon’s immense financial burden.
The Grand Serail meeting gathered key ministers, including Finance Minister Yassine Jaber, Energy Minister Joe Saddi, and Public Works Minister Fayez Rasamny. According to an official statement, the World Bank has been working with Lebanese officials since Monday to explore an initial $250 million aid package for urgent recovery efforts.
Following the meeting, Finance Minister Jaber addressed the press but refrained from confirming the reconstruction estimate. Instead, he acknowledged the financial toll was “in the billions of dollars,” further highlighting Lebanon’s economic and structural challenges.
(Sources: LBCI, L’Orient Today)
