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الشرق
Lebanese PM: Over $20B from Israeli Wars
Nawaf Salam, the Lebanese Prime Minister, announced that the combined cost of the last two Israeli wars on Lebanon has exceeded $20 billion, and may reach $27 billion by the end of 2026. According to the World Bank, the first war, which began in October 2023, caused financial damages estimated at around $14 billion, including $7.2 billion in material damages and $6.8 billion in economic losses. The costs of the recent war, which started in March, are estimated between $3 billion and $4 billion, with additional losses ranging from $4 billion to $5 billion. The conflicts have resulted in the death of approximately nine thousand Lebanese people and injured over 30,000, with more than 250,000 people displaced and 91,000 housing units destroyed. The Lebanese economy has shifted from growth of 4.2% last year to a contraction of 6.4% this year, with inflation rising due to increasing oil prices, decreased tourism activity, and remittances from abroad. Salam called for significant external support, emphasizing that Lebanon's stability requires the full authority of the state over its territory and that decisions related to war and peace should be made solely by the Lebanese government.
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