World Bank

World Bank Urges New Lebanese Government to Reform Power Sector

Lebanon’s new government should prioritize electricity reform after having spent months wrangling over the cabinet make-up, World Bank and U.N. officials said on Friday, seeking to address daily blackouts and massive costs to the state. The government was finally formed late on Thursday and Prime Minister Saad al-Hariri said Lebanon needed “bold reforms”. It has suffered years of low growth and has one of the world’s biggest public debts compared to the size of its economy.