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Derbas: Economic losses from Syrian war over $7

BBEIRUT: Social Affairs Minister Rashid Derbas warned Tuesday that Lebanon’s economic losses due to the influx of Syrian refugees had already reached almost $7.5 billion. 

Derbas announced the figure following a meeting with former Prime Minister Najib Mikati. 

“Today the Cabinet will appoint Lebanon’s representative at the trust fund managed by the World Bank. Accordingly, grants of $1.2 billion should be returned to it so that Lebanon can assist the host communities for the Syrian refugees.” 

Separately, Derbas noted that the implementation of the security plan in Tripoli was not enough to create stability. 

“Launching an economic initiative in Tripoli is a must in order to restore its vitality in trade and industry, in addition to reactivating the port, the Rashid Karami International Fair and other facilities.”

 
A version of this article appeared in the print edition of The Daily Star on April 09, 2014, on page 3.

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