Lebanon approves $150 million World Bank wheat – Roya News English
- Date: 27-Jul-2022
- Source: Roya News
- Sector:Financial Services
- Country:Lebanon
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.