World Bank approves $300 million financing to help the poor in Lebanon
- Date: 27-May-2023
- Source: Ya Libnan
- Sector:Financial Services
- Country:Lebanon
World Bank approves $300 million financing to help the poor in Lebanon
BEIRUT (AP) — The World Bank approved a $300 million additional financing to Lebanon’s poor, providing cash payments to help families struggling through the country’s historic economic meltdown, institution said in a statement Friday.
The new financing comes two years after the World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to hundreds of thousands in the tiny Mediterranean nation of 6 million people.
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