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Lebanon, World Bank ink social assistance loan agreement

Lebanon’s economy has been struggling even before the COVID-19 pandemic struck. (File/AFP)
Lebanon’s economy has been struggling even before the COVID-19 pandemic struck. (File/AFP)
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31 Jan 2021 08:01:31 GMT9
31 Jan 2021 08:01:31 GMT9

Arab News

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.

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