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The Independent UK
The Independent UK
National
Via AP news wire

World Bank grants Lebanon $150 million food security loan

World Bank Lebanon Amin Salam Economy
Copyright 2022 The Associated Press. All right reserved

The World Bank approved a $150 million soft loan for food security in crisis-hit Lebanon to stabilize bread prices during the coming months, the economy minister said Monday.

Amin Salam told reporters that the loan has a very low interest rate but the minister did not make the rate public. He used the term soft loan indicating a below-market rate of interest.

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