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Author Topic: World Bank Announces Financial Aid for Lebanon After the explosion in Beirut  (Read 850 times)

1Golam

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World Bank Announces Financial Aid for Lebanon After the explosion in Beirut

The World Bank said it was ready to assess the damage and necessity of Lebanon. After a massive explosion at the port in Beirut. The World Bank pledges to finance the public and private sectors to recover the damage.

The World Bank said in a statement. The World Bank intends to adjust the existing loan program. And provide additional loans to Lebanon To support the restoration of life and livelihoods of people affected by this terrible disaster. Foreign media reported. It is not clear whether the blast will affect negotiations between Lebanon. And the International Monetary Fund (IMF) or not, after the parties tried to negotiate a loan deal. The goal is to enable Lebanon to deal with the biggest financial crisis since the 1975-1990 civil war.

However, when the evening of Tuesday, Aug. 4, the past An explosion at an ammonium nitrate warehouse in the port of Beirut. These substances have been seized since 2014 and stored in a warehouse at the port. The blast resulted in at least 135 deaths, 5,000 injuries and more than 250,000 homeless.



tom

  • Guest
Pray for Lebanon.



 

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