Lebanon Emergency Assistance Project Chair Summary - June 24, 2025 - executive directors approved and discussed loan terms, reforms, implementation, oversight

Jul 19, 2026

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Lebanon Emergency Assistance Project (LEAP) Chair Summary records Executive Directors’ review of an IBRD loan of $250 million to the Lebanese Republic under the President’s Memorandum. The discussion highlights the Bank’s engagement in response to longstanding vulnerabilities, the importance of continued reforms and debt sustainability, and the need for broader economic measures including collaboration with a potential IMF program. Directors also emphasize timely project implementation, parliamentary ratification, a coordinated plan to address a $750 million financing gap, and strong risk-based oversight with enhanced compliance and due diligence across technical, environmental and social, fiduciary, and institutional areas.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Executive Directors’ Decision on IBRD Financing

Loan approval and stated objection

Engagement, Reforms, and Debt Sustainability

Continued reforms through CDR and broader economic reforms

Implementation, Financing Gap, and Oversight

Timely implementation and parliamentary ratification

Coordinated approach to the $750 million gap

Enhanced measures and due diligence

FAQs

What loan did Executive Directors approve for the Lebanon Emergency Assistance Project (LEAP)?

Executive Directors approved an IBRD loan of $250 million for the Lebanon Emergency Assistance Project (LEAP).

Why did Directors emphasize reforms and debt sustainability?

Directors noted the importance of continued reforms, including those of the Council of Development and Reconstruction (CDR), and highlighted Lebanon’s debt vulnerabilities and the need for debt sustainability.

What implementation and oversight expectations were stressed for the project portfolio?

Directors emphasized timely implementation, including parliamentary ratification, a coordinated approach to address a $750 million financing gap, and strong oversight with enhanced compliance and due diligence across technical, environmental and social, fiduciary, and institutional aspects.

Jul 19, 2026

Upload by Oliver