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to boost funding for LebanonThe World Bank has decided to increase funds to Lebanon and reduce interest rates, the organization's Vice President Hafez Ghanem said Tuesday. Ghanem stressed the World Bank's support for Lebanon, adding that they hoped to help develop Lebanese institutions in terms of governance and economic development.Belhaj has said that the election of a president and the formation of a new government facilitated Lebanon's cooperation with the World Bank.In the latest announcement of funding, the World Bank approved the allocation of $200 million on Feb. 6 to repair some 500 kilometers of roads in Lebanon.
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