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

World Bank Approves Emergency Loan to Fund Wheat for Lebanon

World Bank Lebanon Amin Salam Economy
A worker loads bags of flour into a truck at Modern Mills of Lebanon, in Beirut, Lebanon, April 12, 2022. Hussein Malla/AP

The World Bank (WB) approved a $150 million emergency loan for food security to support wheat imports to Lebanon and provide stability of bread prices during the coming nine months, a Lebanese minister announced on Monday.

Economy and Trade Minister Amin Salam said in a press conference that he had received the official approval of the bank's board of directors for an emergency loan to finance immediate wheat imports to Lebanon to avoid supply disruption and secure bread for households.

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