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Date Time Share Lebanon Financing Facility Approves $55 million Recovery Program Targeting Vulnerable Households and Small Businesses to Respond The World Bank convened yesterday the first meeting of the Partnership Council for the Lebanon Financing Facility (LFF) to discuss the priorities, proposed funding allocations and priority projects for the LFF’s first year of operation, and endorsed a work plan with a total allocation of approximately US$55 million. The meeting gathered representatives from the Government of Lebanon, the LFF donor members: Canada, Denmark, the European Union, Fran...

World Bank : Call for Expression of Interest Representatives of Civil Society in The Independent Oversight Board of the 3RF 04/28/2021 | 01:31pm EDT Send by mail : Message : CONTEXT In December 2020, the European Union (EU), the United Nations (UN) and the World Bank Group (WBG) launched the Reform, Recovery and Reconstruction Framework (3RF). The 3RF provides a costed and prioritized plan of key actions over the next 18 months across various sectors to support the recovery and reconstruction of Beirut following the tragic explosion of August 4, 2020. The 3RF sets out institutional a...

Doing No Harm in Lebanon: The Need for an Aid Paradigm Shift Format Introduction This week, protestors took to the streets across Lebanon, blocking roads and burning tires as the acute depreciation of the Lebanese pound continued, reaching another historic low. Ever since the end of the civil war (1995-1990), Lebanon has known little stability, let alone prosperity. But since late 2019, crisis upon crisis have wreaked havoc and the humanitarian situation has deteriorated exponentially. First, the most acute economic crisis in its recent history struck—even worse than any Lebanon endured dur...

Preserving Decades of Development: A Plea for Lebanon By This post is also available in Arabic on the FinDev Gateway. When I reflect on 2020, I can hardly believe what has happened in my country, Lebanon. Despite experiencing the worsening economic situation, the COVID-19 pandemic and the catastrophic Beirut port explosion, it wasn’t until I saw figures on the toll these crises are taking on microfinance borrowers that it really hit me: decades of hard-earned development are being reversed, slowly but surely, day after day. If the results from this new study from CGAP and the Lebanese Micr...

Call for Expression of Interest: Representatives of Civil Society and Private Sector in the 3RF Consultative Group Email Context In December 2020, the European Union (EU), the United Nations (UN) and the World Bank Group (WBG) launched the Reform, Recovery and Reconstruction Framework (3RF). The 3RF provides a costed and prioritized plan of key actions over the next 18 months across various sectors to support the recovery and reconstruction of Beirut following the tragic explosion of August 4, 2020.  The 3RF Institutional Architecture. The 3RF sets out institutional arrangements that compris...