A senior World Bank official said Wednesday that Lebanon should wisely use all the money that was earmarked by different organizations for development projects before asking for more, reports the World Bank press review.
– There is at least 1,5 billion US dollar (9,3 milliarder DKR) and perhaps more from the World Bank and other development agencies that was allocated to Lebanon. But this money is not moving, said Joseph Saba, World Bank country director for Lebanon, Syria, Jordan, Iran and Iraq.
At present, The World Bank has granted Lebanon 321 million dollar to finance seven active projects. – There are apparently many reasons behind the delays in implementing such as lack of capacity disbursement, Saba told students and professors at Kaslik University.
