Lebanon Pledge Drive a Major Success
Posted on Aug 31, 2006
Donors attending a conference in Sweden have pledged $940 million for Lebanon’s reconstruction, almost twice as much aid as organizers had hoped for. Although he said his country had sustained billions of dollars in damage, Lebanese Prime Minister Siniora expressed his “great appreciation” of the donors’ support.
The Lebanese government has previously put the cost of damage at $3.6bn.
It says 15,000 homes were damaged in the conflict and has appealed for $75m for temporary housing and $30m to repair major roads and put up bridges.
Ministers from more than 60 countries attended the conference, as well as officials from the UN, the World Bank, the International Monetary Fund, and the Red Cross.