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The World Bank has approved a $250 million loan to Lebanon to address power shortages, with plans to expand it to $400 million as part of a $1 billion recovery plan.

Axar.az, citing Middle East Monitor, reports that the aid targets key sectors like electricity, water, agriculture, and social services.

Finance Minister Yassine Jaber emphasized the reforms are essential for Lebanon’s recovery, not just to satisfy global lenders.

The country remains in a deep financial crisis, worsened by a recent war and years of mismanagement.
Date
2025.04.24 / 18:10
Author
Axar.az
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