Projects Funded by World Bank Loans on Hold due to Parliament Paralysis
Written by Najib

 

A number of projects in Lebanon that are being funded by loans from the World Bank have been put on hold because of the obstruction of legislation at parliament, reported al-Joumhouria newspaper on Wednesday.

Vice President of the World Bank for the Middle East and North Africa Hafez Ghanem revealed that the organization's projects in Lebanon are worth 1.1 billion dollars.

Only half of them have been implemented however due to the current state at parliament, he explained.

“We have not been able to implement half of these plans, worth 550 million dollars, because they need parliament's approval,” he stated.

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