Israel's war incurred $20B in damage to Lebanese economy: Beirut

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Israel's war incurred $20B in damage to Lebanese economy: Beirut
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With intensified Israeli attacks, approximately 500,000 Lebanese lost their jobs due to mass displacement, infrastructure damage, and a complete halt in the tourism sector.

The minister estimated that $3 to $5 billion would be required in the first phase of reconstruction. / Photo: AA

More than 3,960 people have been killed and more than 16,500 were wounded in Israeli attacks in Lebanon since October last year, according to Lebanese health authorities. “We will be focused mostly on working on the unification of all the Lebanese people and if we reflect trust and transparency, all the countries, including the Arab countries, the US, Europe, Türkiye, all the friends and allies of Lebanon will be very ready, will be always available to support Lebanon,” added the minister.

The minister estimated that $3 to $5 billion would be required in the first phase of reconstruction, focusing on resettling displaced individuals, reviving economic activity, and addressing urgent needs.

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