The direct and indirect economic losses after Israel’s offensive on Lebanon amount to some $15 billion according to a new estimate by UNDP.
Beirut had calculated material losses to be in the range of $3.6 billion, as far as houses, schools, factories and infrastructures are concerned.
UNDP, however, has considered the overall impact on the national economy including the effect of the aerial and naval blocaked that Israel continues to impose, despite calls from many sides, the UN included to end this practice.
“The damage is such," said UNDP, "that the last 15 years of work to rebuild the country and revive its economy after the problems suffered by Lebanon (the 1975-1990 civil war) are now completely wiped out”.
Tomorrow, the first conference of donor countries to Lebanon organized by the Un is expected to start in Stockholm
Missionary International Se