Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners
Al-Nunu from Sharm el-Sheikh: Mediators are making great efforts to remove any obstacles in the way of implementing the ceasefire, and a sense of optimism now prevails among all parties
Taher al-Nunu, advisor to the head of Hamas' political bureau: The Hamas delegation presented the positivity and responsibility necessary to achieve progress and complete the agreement
Israeli foreign ministry: The vessels and the passengers are transferred to an Israeli port, and the passengers are expected to be deported promptly.
Sumud Flotilla: Addameer vessel attacked by an Israeli military helicopter with 93 journalists, doctors and activists on board
Freedom Flotilla Coalition: The Addameer Vessel was seized by the Israeli Navy
Israeli ministry of foreign affairs says ships and passengers of the Freedom Flotilla will be transferred to an Israeli port and deported immediately
Freedom Flotilla Coalition: 3 ships attacked and illegally intercepted by Israeli occupation.
Ecuadorian President Daniel Noboa's motorcade comes under fire in Ecuador

Lebanon approves $150 million World Bank wheat loan

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Jul 2022 17:31
  • 1 Shares
2 Min Read

Lebanese media report on Tuesday that amid shortages of subsidized bread, Lebanon's parliament approved a $150 million World Bank loan to import wheat.

  • x
  • A woman leaves a bakery with a bag of bread as people wait for their turn, in the neighbourhood of Nabaa in the Lebanese capital Beirut's southern suburbs ANWAR AMRO AFP
    A woman leaves a bakery with a bag of bread as others wait for their turn, in the neighborhood of Nabaa, Beirut's southern suburbs (Photo credit: Anwar Amro/ AFP)

Lebanon's parliament approved Tuesday a loan worth $150 million World Bank to import wheat, as shortages of subsidized bread intensify in the bankrupt country, local media reported.  
 
Lebanese cities are witnessing long lines in front of bakeries and supermarkets where people wait hours to get a bag of subsidized Arabic bread, if available, in short supply as a years-long economic crisis depletes state coffers.  
 
According to a representative of Lebanon's wheat importers, Lebanon imports 80% of its wheat from Ukraine.  
 
But wheat-exporting Ukraine has struggled to sell and sow its crops since the start of the war in the country, leading consumers in poorer countries to be at the risk of poverty and sometimes famine. 
 
Storing large quantities of wheat has also become a major problem in Lebanon after the deadly mega-blast at Beirut's port in August 2020, which heavily damaged the country's main grain silos.  

Related News

World Bank projects modest economic growth for Syria in 2025

World Bank passes $250M project for Lebanon's post-war reconstruction

Read more: Lebanese Minister says wheat enough for only 45 days
 
The price of subsidized Arabic bread started to go up after the onset of an unprecedented economic crisis in Lebanon in 2019. 

The bakeries have started rationing subsided bread, with the government and bakeries putting the blame on each other for shortages. 
  
While bakeries accuse cash-strapped authorities of failing to provide enough subsidized flour, the economy ministry rejects the responsibility.  
 
Amin Salam, the Minister of Economy and Trade, accused bakeries of hoarding subsidized flour and using it for unsubsidized products like sweets. 
 
Lebanon is struggling with an unprecedented financial crisis, labeled by the World Bank as one of the planet's worst since the 1850s. 
 
The small Mediterranean country defaulted on its debt in 2020; the Lebanese currency has lost around 90% of its value on the black market, and the UN now considers four in five Lebanese to be living under the poverty line. 

Read: Exclusive: US ordered economic collapse in Lebanon - Bassil

  • World Bank
  • Lebanon crisis
  • Lebanon
  • Wheat crisis

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025

Coverage

All
War on Gaza

Read Next

All
In this May 20, 20201, photo Marine Gen. Frank McKenzie, the head of US Central Command, arrives in Baghdad, Iraq (AP)
Politics

US spent $33 billion on post-Oct.7 genocide, wars, Brown Uni reports

Speaker of the House Mike Johnson, R-La., holds a news conference to mark the seventh day of the government shutdown, at the Capitol in Washington, Tuesday, Oct. 7, 2025. (AP)
Politics

US troops face unpaid wages as government shutdown drags on

Mourners wave Hezbollah and a Palestinian flag during the funeral of Hezbollah former leader Sayyed Hassan Nasrallah and his successor Sayyed Hashem Safieddine in the Sports City Stadium in Beirut, Lebanon, Sunday, February 23, 2025 (AP)
Politics

Hezbollah voices support for Gaza, Resistance on October 7 anniversary

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas
Politics

Al-Aqsa Flood restored Palestinian cause on the global stage: Hamas

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS