Lebanon approves $150 million World Bank wheat loan
Lebanon’s parliament approved on Tuesday a $150 million World Bank loan to import wheat, as shortages of subsidised bread intensify in the cash-strapped country, local media reported.
Long lines have formed in front of bakeries and supermarkets where people wait hours for a bag of subsidised Arabic bread — in short supply as a years-long economic crisis depletes state coffers.
Lebanon imports 80 percent of its wheat from war-torn Ukraine, according to a representative of Lebanon’s wheat importers.
