Workers fixing a main water pipe north of Beirut. (The Daily Star/ Hasan Shaaban)
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Lebanon will receive $400 million worth of grants and soft loans from the World Bank to help create of thousands of jobs. In a press statement, the World Bank said it has approved a new $400 million project to support Lebanon's quest to expand nationwide employment opportunities, which have been severely impacted by the influx of Syrian refugees and the recent low growth trend of the economy. International organizations such as the World Bank informed the Lebanese government that it will try to help the country weather the negative impact of the refugee influx.According to the World Bank, this project will expand economic opportunities, especially in disadvantaged regions.The new project raises World Bank's commitments to Lebanon to $2.3 billion in a mix of grants, concessional financing and loans.
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