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finance & economyJanuary 13, 2021

Ministry of Finance says WB approved $246 million loan agreement for Lebanon’s safety net

NNA - The press office of the Ministry of Finance on Tuesday announced in a statement that The Board of Trustees of the World Bank has given its approval, with the support the majority of countries, on the agreement of the Social Safety Network for Lebanon loan amounting to $246 million.

The loan is allocated to help the Lebanese government provide financial assistance to low income families amid the prevailing emergency crisis in Lebanon.

Caretaker Minister of Finance, Ghazi Wazni, had signed the minutes of negotiation based on the terms of the draft agreement on 12/10/2020 '.