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The Independent UK

National

Bassem Mroue

World Bank approves $300 million financing to help poor people in Lebanon

World Bank Lebanon United Nations Hector Hajjar WFP

Copyright 2021 The Associated Press. All rights reserved.

The World Bank approved a $300 million additional financing to Lebanon's poor, providing cash payments to help families struggling through the country’s historic economic meltdown, the institution said in a statement Friday.

The new financing comes two years after the World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to hundreds of thousands in the tiny Mediterranean nation of 6 million people.

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