Economic news

Lebanon to receive $5.5 billion in aid from WEP

2022.11.21 08:43


Lebanon to receive $5.5 billion in aid from WEP

Budrigannews.com – Lebanese Prime Minister Najib Mikati said the World Food Program had agreed to provide $5.4 billion in aid to Lebanon over the next three years as the country’s economic crisis plunged millions of people into poverty.

Mikati said half of the aid would go to Lebanese and half to Syrian refugees, where the government estimates there are more than 1 million refugees in Lebanon. Previously, 70 percent of the aid went to Syrian refugees and 30 percent to Lebanese refugees, he said.

The WFP office in Lebanon could not immediately be reached for comment.

On Monday, WFP representative in Lebanon Abdullah Alwarda met with Mikati, and after the meeting said that assistance for in-kind and monetary assistance would be included in the assistance, according to Mikati’s office.

According to him, the UN Agency will provide monetary services to 1 million refugees, 1 million Lebanese in a six-million country.

Previously, Lebanon had an average income level, and now it is gripped by a crisis that the World Bank considers one of the worst in 1850 – the result of a decade of corruption, mismanagement and a crisis in 2019.

Lebanon to receive $5.5 billion in aid from WEP

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