Summary
One billion dollars of the World Bank's pledged funding to Lebanon is in danger if promised projects are not carried out soon, a senior World Bank official said Friday during a meeting with Prime Minister Saad Hariri.
While roughly $2.4 billion has already been allocated to government-proposed projects, the future of the remaining funding is still under discussion, according to sources familiar with the talks between the World Bank and Lebanese officials.
There are three reasons for the World Bank's concern over the $1 billion worth of projects to which Belhaj referred, the sources said.
First, there are a number of projects that have been ratified by Parliament but whose implementation has been progressing slowly, preventing the World Bank from disbursing the funding.
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