Belhaj did not offer any specific deadline for the projects to be completed. (The Daily Star/Hasan Shaaban)
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A senior World Bank official Tuesday warned the Lebanese authorities that the World Bank may be compelled to "cancel" $1.1 billion worth of outstanding projects if they are not executed in good time.However, Belhaj did not give a specific deadline for these projects to be completed.Prime Minister-designate Saad Hariri has been struggling for the past two months to form a national unity government to address all pressing economic and social issues.What also is at stake are the $11 billion worth of loans and grants committed by the countries who took part in CEDRE conference in Paris on April 6 .Saroj Kumar Jha, the regional director of the Mashreq Department (Lebanon, Iraq, Syria, Jordan and Iran), said the World Bank in Lebanon provides concessional loans to the government.Belhaj and the World Bank delegation met with President Michel Aoun, Parliament Speaker Nabih Berri and Hariri to brief Lebanese officials about the programs and loans dedicated to Lebanon.
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