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World Bank estimates $11 billion needed for reconstruction of Lebanon after Israel-Hezbollah war

World Bank estimates $11 billion needed for reconstruction of Lebanon after Israel-Hezbollah war
The cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at $11 billion, the World Bank said in a new report Friday. (AFP/File)
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Updated 07 March 2025

World Bank estimates $11 billion needed for reconstruction of Lebanon after Israel-Hezbollah war

World Bank estimates $11 billion needed for reconstruction of Lebanon after Israel-Hezbollah war
  • Of the $11 billion in reconstruction and recovery needs, $3 to $5 billion will need to be publicly financed
  • Housing has been the hardest-hit sector with damages estimated at $4.6 billion

BEIRUT: The cost of reconstruction and recovery for Lebanon following the 14-month Israel-Hezbollah war is estimated at $11 billion, the World Bank said in a new report Friday.
The war killed over 4,000 people in Lebanon, displaced hundreds of thousands and caused widespread destruction in the nation.
The report by the World Bank’s Lebanon Rapid Damage and Needs Assessment covered damage and losses in ten sectors across the country from Oct. 8, 2023 until Dec. 20, 2024.
Hezbollah began firing rockets across the border on Oct. 8, 2023, one day after a deadly Hamas-led incursion into southern Israel that sparked the war in Gaza. Israel responded with shelling and airstrikes in Lebanon, and the two sides became locked in an escalating conflict that became a full-blown war in late September. A US-brokered ceasefire went into effect in late November.
The World Bank report estimated that of the $11 billion in reconstruction and recovery needs, $3 to $5 billion will need to be publicly financed, including for infrastructure sectors. It added that private financing is required for about $6 to $8 billion of the costs, mostly in the housing, commerce, industry, and tourism sectors.
The report said the economic cost of the conflict on Lebanon totals $14 billion, with damage to physical structures amounting to $6.8 billion and economic losses from reduced productivity, foregone revenues, and operating costs reaching $7.2 billion.
Housing has been the hardest-hit sector with damages estimated at $4.6 billion.
The report found that the conflict resulted in Lebanon’s real gross domestic product contracting by 7.1 percent in 2024, a significant setback compared to a projected growth of 0.9 percent had the war not happened.
By the end of 2024, Lebanon’s cumulative GDP decline since 2019 had approached 40 percent.


Israel army chief vows to return remains of officer slain in 2014 Gaza war

Israel army chief vows to return remains of officer slain in 2014 Gaza war
Updated 09 November 2025

Israel army chief vows to return remains of officer slain in 2014 Gaza war

Israel army chief vows to return remains of officer slain in 2014 Gaza war
  • Goldin, 23, was part of an Israeli unit tasked with locating and destroying Hamas tunnels when he was killed on August 1, 2014, just hours after a 72-hour humanitarian ceasefire took effect

JERUSALEM: Israel’s military chief pledged Saturday to bring home the remains of an officer killed more than a decade ago in Gaza, after media reports that Hamas had pinpointed the location of his body following a search greenlit by Israel.
The army said Lt. Gen. Eyal Zamir had met with the family of Lt. Hadar Goldin, who was killed during the 2014 six-week war in Gaza.
Since his death, Goldin’s body has been held in Gaza but Hamas has never publicly confirmed his death or acknowledged possession of his remains.
“Lt. Gen. Eyal Zamir met this evening with the Goldin family and updated them on the information known to the IDF so far,” the military said in a statement, without specifying what the information was.
“The chief of the general staff emphasized his commitment and the IDF’s commitment to bringing back Hadar and all the fallen hostages.”
Israeli media reports said Israel had allowed Hamas and Red Cross personnel to conduct a search earlier on Saturday in an area under Israeli control, although neither Hamas nor the military has confirmed.
Several networks, including Channel 12, reported that the group had recovered Goldin’s remains in a tunnel under a part of the southern city of Rafah held by the army.
Another Israeli soldier, Oron Shaul, was also killed in the 2014 conflict. His body was recovered earlier this year during the latest war, which erupted after Hamas’ October 7, 2023 attack on Israel.
Efforts to secure the return of both soldiers’ remains in past prisoner swaps had repeatedly failed.
Goldin, 23, was part of an Israeli unit tasked with locating and destroying Hamas tunnels when he was killed on August 1, 2014, just hours after a 72-hour humanitarian ceasefire took effect.
The army said his team came under fire from militants, who killed him and seized his body.
Israel has listed Goldin among the deceased hostages whose remains it seeks to repatriate under the ongoing US-brokered ceasefire deal to end the latest Gaza war.
At the start of the truce on October 10, Hamas was holding 20 living hostages and 28 bodies of deceased captives.
It has since released all the living hostages and returned 23 sets of remains in line with the ceasefire terms.
In exchange, Israel has released nearly 2,000 Palestinian prisoners in its custody and returned the bodies of hundreds of Palestinians.
Apart from Goldin, four hostage bodies — three Israeli and one Thai — remain to be returned from Gaza, all of them seized during the October 2023 attack.