Lebanon signs water supply loan agreement with World Bank

24/5/2025 7:31

Lebanese Finance Minister Yassine Jaber on Friday signed a 257.8-million-U.S. dollar loan agreement with World Bank Regional Director Jean-Christophe Carret to fund the Greater Beirut Water Supply Second Project, which aims to expand water access to 1.8 million people.



According to a statement released by the Finance Ministry, Jaber highlighted the World Bank's role in expediting several loans for Lebanon.



"Today, we are signing a water project agreement that includes building tunnels to transport water to Greater Beirut, alongside other network improvement works," he added.



According to the finance minister, the loan agreement "is part of a series."