World Bank: Lebanon blast caused damage up to $4.6 billion

The massive explosion in Beirut earlier this month that killed and injured thousands of people has caused up to $4.6 billion in physical damage, the World Bank said in a report released Monday. The Aug. 4 blast was caused by the explosion of nearly 3,000 tons of ammonium nitrate stored at the Port of Beirut since 2014. The blast was the most destructive single incident in Lebanon’s history with thousands of buildings, including residential homes, hospitals, schools and museums suffering considerable damage.

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