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The Finance and Budget and the Foreign Affairs and Expatriates Parliamentary committees approved a World Bank loan of $150 million to Lebanon to finance wheat imports, the heads of the committees MPs Ibrahim Kanaan (FPM/Metn) and Fadi Alameh (Amal Movement/Baabda) announced on Thursday. The full Parliament still has to approve the loan before it can take effect. 

The loan, which was approved by the World Bank on May 6, was made to “finance immediate wheat imports to avoid the disruption in supply over the short term and help secure affordable bread for poor and vulnerable households,” a World Bank spokesperson told L’Orient Today.