World Bank Willing to Add $300 Million for Lebanon’s Needy Families if Need Arises

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World Bank Willing to Add $300 Million for Lebanon’s Needy Families if Need Arises

A senior World Bank official suggested Monday that the bank may be willing to increase financial soft loans to needy families by an additional $300 million if the need arises.

These remarks came during a meeting at Baabda Palace between President Michel Aoun and Ferid Belhaj, vice president of the Middle East and North Africa Region at the World Bank, according to a statement by the Presidential Palace.

“Belhaj stressed that the World Bank has always been on Lebanon’s side and will remain on its side and will not leave it, pointing to the commitment to pay the loan allocated to the social safety net, with a value of $246 million, with the possibility of adding $300 million to support marginalized groups,” the statement said.

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Source: The Daily Star