Syria crisis cost Lebanon $20bn

Syria crisis cost Lebanon $20bn
Updated 22 December 2014
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Syria crisis cost Lebanon $20bn

Syria crisis cost Lebanon $20bn

BEIRUT: Nearly four years of civil war in Syria have cost its tiny neighbor Lebanon more than $20 billion, the Social Affairs Minister told AFP on Monday.
“Several factors brought on by the Syria crisis have caused a loss of more than $20 billion” since March 2011, Rashid Derbas said.
“Because of this, infrastructure planned to last for 15 years will now have to be changed in just two because of intensive use” due to the presence of 1.1 million refugees from Syria, he added.
He also cited the use of energy resources, primarily electricity, by refugees unable to pay for it.
Tourism has also been hit hard, Derbas said of some 500,000 tourists who used to arrive overland via Syria.
He expressed regret that much of the international aid pledged to help Lebanon cope with the influx has yet to materialize.
“We have received just half of the amount promised for 2013 and only 44 percent this year,” Derbas said.
Refugees now account for a quarter of Lebanon’s population and cost Beirut $4.5 billion a year, Central Bank Governor Riad Salameh said in June.
Basing this estimate on a World Bank study, he said “the direct cost to the Lebanese state is around a billion dollars per annum, with an indirect cost of 3.5 billion.”
Meanwhile, at least 20 Islamic State members were killed in the second failed bid in a month to take over an air base in eastern Syria, a monitoring group said Sunday.
“The IS tried, starting late Saturday, to storm the air base. A total of 20 fighters were killed in the attack, as well as two regime soldiers,” said the Syrian Observatory for Human Rights.
Nineteen of the IS members were Syrian, while one was Moroccan.
They were killed in fighting and heavy army shelling.
“The withdrawing militants seized and took with them several anti-aircraft missiles,” said Observatory director Rami Abdel Rahman.
The attack was the second recent attempt by IS to take over the Deir Ezzor military air base, one of the last remaining regime positions in the eastern province.
Deir Ezzor is located on the border with Iraq.