Lebanon Business: The Effect of War Last updated on
Wednesday 21st April 2010
In a decade and a half of war, an estimated 130,000 to 150,000 people were killed, at least that many were wounded, and the country suffered an estimated $25 billion to $30 billion in damage and lost revenues. The country's infrastructure was severely damaged; Lebanon's once thriving economy has been devastated by 17 years of fighting
Following Al-taif of peace and reconciliation, the new Government of National Reconciliation began the delicate task of disarming the militias and restoring stability. The massive task of rebuilding the country's infrastructure has begun, with efforts concentrating towards the restoration of Lebanon as a free trade and banking centre.
The reconstruction process in Beirut proceeded at a pace unprecedented since the rebuilding of the European cities following the Second World War. Archaeological ruins and several artifacts, which were once covered by Beirut's central district, were excavated and displayed.
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