(26 Aug 2025)
LEBANON WORLD BANK LOAN
SOURCE: ASSOCIATED PRESS
RESTRICTION SUMMARY:
LENGTH: 3:42
ASSOCIATED PRESS
Beirut, Lebanon – 26 August 2025
1. Exterior of Lebanese Ministry of Finance in downtown Beirut
2. Sign of the Ministry of Finance
3. Various of Lebanese Minister of Finance Yassine Jaber and the World Bank Regional Director Jean-Christophe Carret signing the $250 million loan agreement between the World Bank and Lebanon and shaking hands
4. Various of attendees at the signing
5. SOUNDBITE (Arabic) Yassine Jaber, Lebanese minister of finance:
"This loan is an establishing amount to start a fund – a fund for the reconstruction of infrastructure in the areas affected (by the latest Israel-Hezbollah war). We hope this fund will reach $1 billion."
6. Cutaway of officials
7. SOUNDBITE (Arabic) Yassine Jaber, Lebanese minister of finance:
"For the infrastructure alone, the estimates (of the needs) are $1 billion. As for the reconstruction of houses, of course, it is about $$4 billion. That is for the destroyed homes."
8. Wide of news conference
9. SOUNDBITE (English) Jean-Christophe Carret, director of the World Bank’s Middle East division:
"The World Bank loan will finance the initial phase of LEAP (Lebanese Emergency Assistance Project). This support will enable the government to kickstart reconstruction and undertake the most urgent investment over the next 18 to 24 months, helping displaced population to return, enabling business to reopen, very important to kickstart growth, sustaining and creating jobs by employing people to rebuild, and restoring essential services such as water, electricity, mobility, access to health, access to education to communities."
10. Wide of delegations leaving
11. Wide of Carret standing with a French diplomat
12. SOUNDBITE (English) Jean-Christophe Carret, director of the World Bank’s Middle East division:
"This is the beginning of a process in which Lebanon can regain trust of the international community. So the World Bank has agreed to start, with the government of Lebanon and the Council for Development and Reconstruction, the implementation of a loan of $250 million. If this is going well, then it may pave the road for the country to regain the trust of the other partners. But that is a process, and the proof is in the pudding. We will see whether or not things are going well. But we have put everything in place, so that it goes well.”
ASSOCIATED PRESS
ARCHIVE: Beirut’s southern suburbs, Lebanon – 9 November 2024
13. Various of destruction in a neighborhood in Beirut’s southern suburbs and a bulldozer operating to clear the rubble during the war, which ended in November
ASSOCIATED PRESS
Kfarkila, southern Lebanon – 20 August 2025
14. Destruction still visible months after the war ended
15. Various of tracking shots of destroyed homes taken from a UNIFIL vehicle
STORYLINE:
Lebanon signed a $250 million loan agreement with the World Bank on Tuesday to support urgent repairs and the reconstruction of damaged critical public infrastructure and lifeline services following the 14-month Israel-Hezbollah war.
The director of the World Bank’s Middle East division, Jean-Christophe Carret and Lebanese Finance Minister Yassine Jaber signed the deal in Beirut in the presence of the ministers of public works, energy and economy.
At a joint news conference at the Ministry of Finance, Jaber said the loan "is an establishing amount to start a fund for the reconstruction of infrastructure in the areas affected" by he war.
AP video shot by Ali Sharafeddine and Fadi Tawil
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