World Bank urges Lebanon to ratify trust fund deal

February 22, 2014 1:03 am

The World Bank has said that the Lebanese government should reach an agreement with the global financial institution before the end of February over the establishment of a multi-donor trust fund to support local communities hosting Syrian refugees, The Daily Star has reported. “Hopefully, we will reach an agreement on the establishment of the trust fund before the meeting of the international support group for Lebanon in Paris on March 5,” said director of the Middle East Department at the World Bank, Ferid Belhaj. “Donors are ready to commit funds to support Lebanon but the mechanism to channel those funds has yet to be ratified,” Belhaj said.