| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 300.00 |
Lebanon Emergency Crises and Covid-19 Response Social Safety Net Project Second Additional Financing
Abstract*
Lebanon is currently in a high-risk situation as it faces a combination of a balance of payments crisis, coupled with a deep economic crisis, compounded by the COVID-19 outbreak. The impending economic crisis, if unmitigated, will exacerbate poverty and inequality, and in turn economic suffering and social strife. According to World Bank staff’s calculations, the current crisis is expected to result in high inflation and negative gross domestic product... Show More
Development Objective
The objective of the Project is to: (a) provide cash transfers and access to social services to extreme poor and vulnerable Lebanese populations affected by the economic and COVID-19 crises in Lebanon; and (b) in case of an Eligible Crisis or Emergency, provide immediate and effective response to such emergency or crisis.
Key Details
Project Details
P180077
Active
Ahmet Ortakaya
Lebanese Republic
April 5, 2023
(as of board presentation)
May 25, 2023
N/A
US$ 300.00 million
Prime Minister's Office
2023
US$ 300.00 million
N/A
January 29, 2024
December 31, 2026
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 300.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 300.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 300.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
No data available.