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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanon Approves $150 Million World Bank Wheat Loan

Lebanese line up in front of a bakery in the Safra highway north of Beirut on July 26, 2022. (AFP)

Lebanon's parliament approved on Tuesday a $150 million World Bank loan to import wheat, as shortages of subsidized bread intensify in the cash-strapped country, local media reported.

Long lines have formed in front of bakeries and supermarkets where people wait hours for a bag of subsidized Arabic bread -- in short supply as a years-long economic crisis depletes state coffers.

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