Beirut: The World Bank (WB) has approved $350 million in new financing to help Lebanon meet the basic needs of the poor and most vulnerable during its economic and financial recovery, and improve the delivery of high-impact public services through the digital transformation of the public sector.
According to a statement by the WB, this financing covers two new projects aimed at making a tangible impact on the lives of citizens by providing social protection for the poor, promoting the economic inclusion of women, youth, and the most vulnerable groups, strengthening social protection systems, and accelerating the digitisation of key public services.
The statement explained that the first project, the social safety nets and systems building project ($200 million) aims to further strengthen Lebanon's social protection system while providing resources to complement government funding allocated for cash transfers.
The second project, the digital transformation acceleration project in Lebanon ($150 million) aims to improve citizens' access to essential government services and economic opportunities, empower businesses and entrepreneurs through a more secure digital environment and expanded market access, enable the government to improve service delivery, and enhance operational efficiency by strengthening digital platforms.
