Lebanon approves $150 million World Bank wheat – Roya News English

Lebanon approves $150 million World Bank wheat – Roya News English

Lebanon's parliament approved on Tuesday a $150 million World Bank loan to import wheat, as shortages of subsidized bread intensify in the cash-strapped country, local media reported.

Long lines have formed in front of bakeries and supermarkets where people wait hours for a bag of subsidized Arabic bread -- in short supply as a years-long economic crisis depletes state coffers.

Lebanon imports 80 percent of its wheat from Ukraine, according to a representative of Lebanon's wheat importers.