More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion in economic losses, with actual structural damage amounting to billions more, the World Bank said on Thursday.

Crisis-ridden Lebanon has suffered physical damages and economic losses estimated at $8.5 billion during more than a year of Hezbollah-Israel clashes turned into a war, with housing the hardest hit, the World Bank says.

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher as the conflict continues.

An Israeli government minister discussed the proposal with Trump and Jared Kushner at Mar-a-Lago on Sunday before traveling to the White House for talks.

According to reports from "The Washington Post," the Israeli government is preparing a ceasefire in the war with Hezbollah in Lebanon, intended as a "gift" for President-elect Donald Trump. An anonymous Israeli official revealed to the newspaper: "There is an understanding that Israel would gift something to Trump