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BEIRUT: Lebanese government hopes of accessing an emergency $246 million World Bank loan to help the country’s poor have been thrown into chaos as parliamentarians bicker over details of the relief package.
The World Bank cash assistance is aimed at setting up a stronger social safety net for 800,000 of Lebanon’s most vulnerable citizens amid an economic and health crisis that has left up to half the country’s population facing growing deprivation.
The spiralling collapse has led to three-digit inflation and fears that up to 20 percent of Lebanese could be plunged into extreme poverty.
With little hope of an end to the political stalemate and economic experts predicting the central bank will cut subsidies of essential goods in coming weeks, the caretaker government has been desperate to access the $246 million World Bank loan to stave off widening social chaos in the country. ....

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