Lebanon, World Bank ink social assistance loan agreement

Lebanon, World Bank ink social assistance loan agreement
Lebanon’s economy has been struggling even before the COVID-19 pandemic struck. (File/AFP)
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Updated 31 January 2021

Lebanon, World Bank ink social assistance loan agreement

Lebanon, World Bank ink social assistance loan agreement

DUBAI: Lebanon and the World Bank have signed a loan agreement for the country’s poverty and safety net support program, the National News Agency has reported.

The agreement was signed during a meeting on Friday, which was attended by the Lebanese Prime Minister Hassan Diab and World Brank representative Saroj Kumar, as well as other officials.

Lebanon’s economy has been struggling even before the COVID-19 pandemic struck, driving nearly half the country’s population of 6 million into poverty.