Nirmala Sitharaman meets World Bank President, discusses key issues
Both sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.
A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut’s reconstruction, the UN said in a statement.
The grant given through the Beirut Critical Environment Recovery, Restoration and Waste Management Program, was agreed upon on Wednesday between the World Bank and the United Nations Development Program (UNDP) in the presence of Lebanon’s Environment Minister Nasser Yassin, Xinhua news agency reported.
“This project will implement environmental recovery activities in the city of Beirut to mitigate risks of a solid waste crisis and other environmental impacts which resulted from the Port of Beirut explosion,” said Saroj Kumar Jha, World Bank Mashreq Regional Director.
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For her part, Melanie Hauenstein, UNDP Resident Representative, said addressing the impacts of the port explosion on the environment and people’s health is of the utmost importance.
According to an assessment, physical damages to the Lebanese environment sector were about $20 to $25 million and the recovery and reconstruction needs were estimated at $75 to $100 million.
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