Lebanese parliament approves World Bank loan as currency hits record low ...Kuwait

The approval of the $246 million loan came as the local currency tumbled to a record new low on the black market, triggering immediate protests. Lebanon's parliament on Friday approved a $246 million loan from the World Bank that would provide cash assistance for more than 160,000 families in the small country hit by an unprecedented economic crisis and the coronavirus pandemic.The approval came as the local currency hit a new record low on the black market, trading 11,150 Lebanese pounds to the dollar. The new crash triggered immediate protests, mostly in the country's north.The previous day, France warned that Lebanon was running out of time before total collapse, blaming bickering politi

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Last updated : 13 March 2021 clock 01:16 AM

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Lebanese parliament approves World Bank loan as currency hits record low ...Kuwait

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