$2.6 billion international
recovery plan for port blast
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.
“Based on in-depth consultations with government, civil society, and donors, the ‘Lebanon Reform, Recovery and Reconstruction Framework (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. The 3RF also sets out arrangements for the coordination, implementation and financing of recovery and, subject to reform progress, reconstruction priorities,” read a joint statement by the three organizations.
Reported by Shikrallah Nakhoul
Source : Businessnews
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