Jamal Saghir- In the last few weeks, the World Bank Group and the International Development community in Lebanon issued three important reports. Immediately after the massive blast that rocked the port of Beirut on Aug. 4, the World Bank Group in cooperation with the United Nations and the European Union launched a rapid damage and needs assessment to assess the impact on the population, physical assets, infrastructure and service delivery. They estimated damages in order of $3.8 billion to $4.6 billion, with housing and culture sectors most severely affected and losses around $2.9 billion to $3.5 billion, with housing being the most hit followed by transport and culture.
Read full article