WASHINGTON // The World Bank is helping Lebanon prepare the ground to request an influx of international aid to offset the high costs of the spillover from the Syrian civil war, the president of the lending institution said.
President Jim Yong Kim said in an interview that the Lebanese government asked the World Bank to take the lead in preparing a quick assessment of the social and economic impacts of the war in neighbouring Syria. This analysis will be presented during a Sept. 25 meeting of an international support group for Lebanon at the United Nations General Assembly.
Mr Kim said the bank made a "very intensive effort" to finish the assessment in a few weeks, something that normally would take six to nine months.
Lebanon is hoping the World Bank's stamp on the analysis will underpin its request for aid from individual donor countries as well as international agencies. It will look at the enormous strains the Syrian conflict is putting on Lebanese tourism, trade, health, education and the burden on ordinary citizens.
"We have been preparing the path so that the global community can support Lebanon," Mr Kim said, adding that he hopes funds will begin to flow once the assessment is presented at the UN.
The bank is looking for partners to provide grants to alleviate some of the strain on Lebanon's economy, government budget and infrastructure.
Lebanon, a country of about 4 million people, is grappling with an influx of more than a million refugees from Syria.
The World Bank said it could not provide a dollar figure for the aid Lebanon might request.
It is already providing aid to Jordan to help offset the costs of caring for hundreds of thousands more Syrian refugees.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
AIDA%20RETURNS
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A German university was a good fit for the family budget
Annual fees for the Technical University of Munich - £600
Shared rental accommodation per month depending on the location ranges between £200-600
The family had budgeted for food, books, travel, living expenses - £20,000 annually
Overall costs in Germany are lower than the family estimated
As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640
Students are permitted to withdraw £720 per month
Company%20Profile
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Company%20Profile
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RESULTS
6.30pm Al Maktoum Challenge Round-2 – Group 1 (PA) $49,000 (Dirt) 1,900m
Winner RB Frynchh Dude, Pat Cosgrave (jockey), Helal Al Alawi (trainer)
7.05pm Al Bastakiya Trial – Conditions (TB) $50,000 (D) 1,900m
Winner El Patriota, Vagner Leal, Antonio Cintra
7.40pm Zabeel Turf – Listed (TB) $88,000 (Turf) 2,000m
Winner Ya Hayati, Mickael Barzalona, Charlie Appleby
8.15pm Cape Verdi – Group 2 (TB) $163,000 (T) 1,600m
Winner Althiqa, James Doyle, Charlie Appleby
8.50pm UAE 1000 Guineas – Listed (TB) $125,000 (D) 1,600m
Winner Soft Whisper, Frankie Dettori, Saeed bin Suroor
9.25pm Handicap (TB) $68,000 (T) 1,600m
Winner Bedouin’s Story, Frankie Dettori, Saeed bin Suroor
Stan%20Lee
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5