The World Bank has granted Lebanon a $250 million loan to help alleviate power cuts worsened by the war between Israel and Hezbollah. Lebanon has been struggling with a shortage of imported fuel and poor infrastructure for years. The country is in need of around $11 billion for reconstruction and recovery. Lebanon has received preliminary approval to increase the World Bank loan to $400 million as part of a $1 billion reconstruction program.
image sourced from original article at https://www.dailymail.co.uk/wires/reuters/article-14642581/Lebanon-receives-250-million-World-Bank-loan-ease-power-problems.htmlOriginal article source: https://www.dailymail.co.uk/wires/reuters/article-14642581/Lebanon-receives-250-million-World-Bank-loan-ease-power-problems.html
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