Finance committee approves law amendments of $150M World Bank loan


The Finance and Budget Parliamentary Committee on Wednesday approved amendments to the law related to the $150 World Bank loan aimed at buying wheat, the National News Agency said.

The approval of two articles was however postponed until Thursday’s session, NNA added.

“The questions of the MPs were clarified and answered and a final framework for implementation has been laid out under the approved law. Most importantly, we have provided Lebanon with a quantity of wheat that is sufficient for nearly nine months while preserving the price of bread,” caretaker Economy Minister Amin Salam said after the meeting.

“This is the most important thing to me and the rest is details – how we pay, how we coordinate and how the central bank pays, all of these issues were discussed and agreed today by the committee,” he added.

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