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World Bank allocates $300 million to Lebanon for its ‘social safety net’

The World Bank has allocated this Saturday, May 27, an additional 300 million dollars for “ strengthen the social safety net in Lebanon, hit by a multifaceted crisis that has plunged more than 80% of the population into poverty.

Published on :

With our correspondent in Beirut, Paul Khalifeh

THE “ social safety net has been set up at Lebanon in January 2021 to help sections of the population who have fallen into extreme poverty due to the crisis that hit the country two years earlier. 82,000 households have benefited from this program for which 240 million dollars were initially released by the international institution. The new aid of $300 million will bring the number of beneficiaries to 160,000 households over two years, or nearly one million people.

Help for the less fortunate

Eligible families will receive a monthly lump sum of $25, in addition to $20 per household member, up to six in total, for a monthly sum of $145. Some 92,000 students will receive additional assistance of up to $425 per year to cover tuition and school supplies.

This program called Aman is the most important response to the crisis implemented by international institutions in cooperation with the Lebanese authorities. It provides the poorest Lebanese with basic food needs and access to other basic services. This project has enabled almost a sixth of the population, which has lost everything due to the crisis, to avoid falling into total poverty.

Also to listen: International report – Lebanon: pensioners are also affected by the crisis

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