Two conflicts in Lebanon may cost over 27 billion

Prime Minister Nawar Salameh confirmed that Lebanon is facing a difficult situation due to the costs of two devastating wars, one that began in October 2023 and the other in March 2024. Their combined expenses amount to over $20 billion and could exceed $27 billion if fully realized. He also indicated that the Lebanese economy has contracted by 6.4% this year, following a growth of 4.2% last year. Additionally, a lack of funding and international support threaten the country's stability. He highlighted the necessity of completing financial and economic reforms, reaching an agreement with the International Monetary Fund, rebuilding affected areas, achieving a gradual Israeli withdrawal from Lebanese territories, and securing the release of prisoners. He also emphasized the importance of negotiations under U.S. sponsorship within a political framework that is not legally binding.

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