News Column

(Update) Kim starts official visit to Lebanon

June 2, 2014

NNA - World Bank Group President, Jim Yong Kim, on Monday evening arrived in Beirut coming from Jeddah, on an official two-day visit to Lebanon in the framework of a regional tour.

Kim is accompanied by a delegation of the World Bank experts.

Kim will meet with a number of Lebanese officials for talks on the horizons of the Lebanese economy and its current challenges.

Kim will notably meet with Prime Minister Tammam Salam, Finance Minister, Ali Hassan Khalil, and economic magnates from the public and private sectors.

Kim is currently visiting Lebanon to inquire about the current short-term economic stage, in preparation for a report to be filed by the World Bank experts on the prospects of the Lebanese economy and challenges facing it-- in light of the impact of the Lebanese economy on daily living conditions.

The World Bank report will also take up the pay scale issue and its repercussions on public finances in Lebanon, as well as the reforms needed to face up to challenges in terms of elevating growth rates and securing balance in state finances.

Greeting the delegation at the International Rafic Hariri Airport have been Minister of Economy and Trade Alan Hakim, Finance Ministry Director General, Alan Bifani, in addition to representatives from the World Bank in Lebanon.

Speaking upon arrival at Beirut airport, kim pointed out that this the first visit by the World Bank president to Lebanon in fourteen years, commending the deeply entrenched relations between the Bank and Lebanon, government, people and private sector institutions.

"We are here today to reaffirm our support for this country at these difficult circumstances... We are here to thank this country for its generosity in hosting refugees," Kim said.

The senior World Bank official also disclosed that he shall take up with officials means of meeting stringent needs, especially at the level of reforms in the various sectors, motivating economic growth and supporting medium and long term strategies.

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Source: National News Agency (Lebanon)

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