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World Bank cancels loan for Lebanon's Bisri dam

News Bulletin Reports

05-09-2020 | 15:12

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World Bank cancels loan for Lebanon's Bisri dam

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The World Bank on Friday said it had cancelled $244 million in undisbursed funds for the Bisri Dam project in Lebanon after repeatedly raising concerns about the project since January.

In a statement, the World Bank said it had notified the Lebanese government about its decision, which takes effect immediately. It said it has also repeatedly underscored the need for "an open, transparent and inclusive consultative process."

To watch the full report, please click on the video above.

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