In the past week, heavy bombardments from Israel on Beirut forced many residents to flee their homes, leaving thousands homeless. Displaced families in downtown Beirut are sleeping on mattresses or chunks of Styrofoam on the streets, seeking shelter under a nearby mosque with their belongings. Ground raids in southern Lebanon have exacerbated the situation, with many people left with no place to go amid the ongoing conflict.
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Lebanon secures initial World Bank approval for $400M loan
Lebanon's Finance Minister Yassine Jaber announced preliminary approval to increase a World Bank reconstruction loan from $250 million to $400 million during a meeting in Washington. The expanded financial package will include allocations for electricity, water, agriculture, and social affairs, with loans offered on concessional terms over a repayment period of up to 50 years. Amid ongoing economic crises and calls for reforms, Jaber emphasized the Lebanese government's commitment to necessary changes for the nation's...
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