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

Lebanon Expects Deal with World Bank on Food Security

Lebanese Minister of Economy and Trade Amin Salam gives an interview to The Associated Press at his office in Beirut, Lebanon, Tuesday, April 19, 2022. (AP)

Lebanon is close to reaching an agreement with the World Bank in which the international agency would give the crisis-hit country a $150 million loan for food security and to stabilize bread prices for the next six months, the economy minister said Tuesday.

Amin Salam told The Associated Press that the government does not have immediate plans to lift bread subsidies, especially for flour used in making flat Arabic bread, the main staple in Lebanon.

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