World Bank, EU, UN say agreement to give Lebanon aid in US dollars
By Timour Azhari, Thomson Reuters Foundation 2 Min Read BEIRUT, March 17 (Thomson Reuters Foundation) - Impoverished groups in Lebanon could soon receive more aid after a letter from international donors showed on Wednesday there had been an agreement to hand out assistance in hard currency as the Lebanese pound crashed to a new low. Aid to the country in the midst of a financial meltdown exacerbated by the COVID-19 pandemic had previously been handed out in Lebanese pounds at rates set by the Central Bank. But in a letter to the country’s finance ministry seen by the Thomson Reuters Founda...
Source: reuters.com