Lebanon Opportunities

$2.6 billion donor plan post the Port Explosion

The United Nations (UN), European Union (EU), and World Bank Group (WBG) have launched a $2.6 billion, 18-month reform, recovery, and reconstruction response plan to address urgent needs of the population affected by the Port Explosion, according to their joint report ‘Lebanon Reform, Recovery and Reconstruction Framework (3RF)’. The 3RF involves two parallel tracks. A reform and reconstruction track at a total cost of $2 billion and a peoplecentered recovery track at a cost $584 million.

Reconstruction and people-centered recovery

Each of the tracks encompasses four pillars that aim to improve services, the infrastructure, and governance, in addition to providing job and economic opportunities and social protection. The people-centered track is a socioeconomic recovery path that addresses the urgent needs of the most vulnerable populations and small businesses affected by the explosion. Under this track, around $426 million are needed in the first 12 months. “Based on indepth consultations with government, civil society, and donors, the 3RF aims to provide a common reference point and action plan on what needs to be done across various sectors over the next 18 months.

You’re reading a preview, subscribe to read more.

More from Lebanon Opportunities

Lebanon Opportunities9 min read
Property Market Thrives On The Tourism Boom Batroun Is Bucking The Trend
The surge in tourism activity in Batroun continues to act as a catalyst that spurs the real estate market in the northern town. At a time when large-scale conventional development work is still stagnant due to the lack of bank financing, renovation w
Lebanon Opportunities6 min read
Growth In Sales
More businesses have reported an increase in sales in 2022 compared to the previous year. They have also achieved a higher growth rate in terms of sales value, according to a survey of over 100 medium and large size companies carried out by InfoPro R
Lebanon Opportunities14 min read
Lebanon Revival
Provided by The government of Canada has granted the World Food Program (WFP) a donation of $26 million that will be allocated for cash assistance to vulnerable citizens via the National Poverty Targeting Program (NPTP). The assistance will be provid

Related Books & Audiobooks