World Bank Mulls Granting Lebanon $300m for Development Projects
A delegation from the World Bank met with several Lebanese ministers on Monday to discuss $300 million worth of loans for funding a number of local development projects, reported the Daily Star newspaper.
The meetings, held over two days, are being attended by Finance Minister Fouad Siniora, Mahmoud Othman, the president of the Council for Development and Reconstruction, and the premier’s adviser, Fadi Fawaz.
The World Bank is represented by its regional manager Joseph Saba, along with the bank’s representative in Beirut, Harry Prasad.
The first meeting, with Interior Minister Elias Murr, focused on a $55 million project to deal with environmental problems and other issues associated with the treatment of solid waste, said the paper.
The team also met with Agriculture Minister Ali Abdullah to discuss a $28 million loan aimed at financing a development plan for agricultural infrastructure.
Another meeting was held between the delegation and Public Works Minister Najib Mikati to discuss a $48 million loan to be used to finance projects related to the national network of roads – Albawaba.com