World Economy

WB Renews $1.5b Lebanon Commitment

WB Renews $1.5b Lebanon CommitmentWB Renews $1.5b Lebanon Commitment

The World Bank renewed its commitment to support Lebanon over the next three years as the amount of grants and loans earmarked to this country will reach over $1.5 billion, World Bank Director for the Middle East and North Africa Ferid Belhaj said, Albawaba reported. “Over the coming three years, we will surpass $1.5 billion with our ongoing portfolio for Lebanon including grants provided by the multi-donor trust fund,” he told reporters during a news conference at the World Bank offices to launch the new Country Partnership Framework for Lebanon for the period 2017-22. He said the international community is keen on helping Lebanon overcome challenges imposed by the Syrian crisis and other internal issues.