💨 Abstract

The World Bank will provide Lebanon with a $250 million loan to improve electricity infrastructure, addressing decades-long issues exacerbated by a 2019 economic crisis and war damage. The loan aims to enhance bill collection and solar farm development, saving $40 million annually. The deal was signed by Lebanese Finance Minister Yassin Jaber and Jean-Christophe Carret, the World Bank's regional director.

Courtesy: wtop.com

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