Beirut, April 6 (SocialNews.XYZ) Germany has signed a financial cooperation agreement with Lebanon to provide the latter with an aid of 50 million euros ($54.5 million), the National News Agency reported.
The agreement was signed by Lebanese Foreign Minister Abdallah Bou Habib and German Ambassador to Lebanon Andreas Kindl, Xinhua reported citing the National News Agency.
The aid will be spent on several projects like building schools, launching water and sanitation programmes for communities hosting refugees, as well as adopting measures necessary to confront the Covid pandemic in Lebanon.
Hit by years of political chaos and the pandemic, Lebanon has been suffering from an unprecedented financial crisis that has plunged over 74 per cent of the population into poverty.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
