Reconstruction of Beirut after the explosion will cost $2.5 billion

A joint plan for the reconstruction of Beirut after the explosion on August 4 at the seaport was developed by experts from the European Union, the UN, and the World Bank.

According to the newspaper The Daily Star, the document provides for the allocation of $2.5 billion for restoration work, as well as support for the population affected by the emergency. The plan is for 1.5 years.

The publication stressed that international donors sponsoring the program for the reconstruction of the Lebanese capital, proceed from the fact that a credible government will soon be formed in the country, which will begin reforms. The EU, the UN, and the World Bank are pushing for audits of banking institutions and capital controls and “effective financial stabilization measures.”

In addition, the sponsors of Beirut’s reconstruction point to the need for a transparent investigation into the causes of the tragedy in the city port.

As a reminder, as a result of the conference, which was held by France with the support of the UN on August 9 immediately after the explosion in Beirut, more than 250 million euros were collected in the form of financial obligations of the participating countries.

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