The World Bank has approved over $1 billion in funding to support reconstruction and infrastructure upgrades in Iraq, Syria, and Lebanon—three countries still grappling with the aftermath of recent conflicts. The largest share, $930 million, has been allocated to Iraq for an ambitious railway modernization project aimed at boosting trade, creating jobs, and reducing the country’s reliance on oil. The initiative will upgrade the vital transport corridor connecting the southern port of Umm Qasr with Mosul in the north, laying the foundation for enhanced regional connectivity.
Lebanon, still reeling from widespread destruction caused by last year’s conflict with Israel, will receive an initial $250 million for critical reconstruction work. The funding will focus on restoring damaged public infrastructure, rebuilding essential services, and managing war-related debris. The project is part of a broader $1 billion reconstruction framework, reflecting the country’s estimated $11 billion in recovery needs. Lebanese Prime Minister Nawaf Salam hailed the package as a crucial lifeline that aligns with the state’s recovery roadmap and opens the door to additional international financing.
Syria has also secured a $146 million grant through the World Bank’s International Development Association to rebuild key components of its electricity network. After years of war-related damage, the investment will focus on restoring transmission lines and substations to stabilize the power supply—an essential step toward improving living conditions, resettling displaced populations, and jump-starting economic recovery. The grant marks the beginning of renewed international support for Syria, as regional powers and development institutions signal readiness to engage in long-term reconstruction.
