The World Bank has approved a total of over $1 billion for infrastructure and reconstruction projects in Iraq, Syria, and Lebanon. Iraq received the largest share, $930 million, aimed at modernizing its railway system to enhance trade, create jobs, and reduce dependence on oil. Meanwhile, Syria is allocated $146 million to restore electricity infrastructure, while Lebanon is set to receive $250 million to rebuild critical public services damaged from conflict. This funding is part of the World Bank's broader strategy to support economic recovery and development in these war-affected regions.
The World Bank has approved over $1 billion for infrastructure projects in Iraq, Syria, and Lebanon, focusing on railways, electricity, and urgent public infrastructure repairs.
As Iraq shifts from reconstruction to development, enhanced trade and connectivity can stimulate growth, create jobs, and reduce oil dependency,” said Jean-Christophe Carret.
The Syria Electricity Emergency Project will rehabilitate damaged transmission lines and transformer substations to restore reliable energy for economic recovery.
Lebanon will receive $250 million to support urgent repairs and reconstruction of critical public infrastructure in the wake of its prolonged conflict.
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