First shipment of 33,000 tons of wheat helps rebuild Lebanon’s stock and ensure access to affordable bread

Published 2023년 2월 21일

Tridge summary

A shipment of 33,000 tons of wheat, funded by the Lebanon Wheat Supply Emergency Project, has arrived at the Port of Beirut, marking the first of several shipments to help rebuild Lebanon's wheat stock and provide affordable bread for the poor. The project, aimed at addressing the impact of the Ukraine war and Lebanon's economic crisis, will distribute wheat, flour, and bread transparently and comply with the World Bank's anti-corruption policies. The project also includes a US$15 million grant from the Global Concessional Financing Facility to provide concessional financing to middle-income countries like Lebanon that host large numbers of refugees.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A first shipment of 33,000 tons of wheat, financed under the Lebanon Wheat Supply Emergency Project, has arrived at the Port of Beirut and started being discharged. The shipment -equivalent to about one month-worth of Arabic bread consumption in the country- will help rebuild Lebanon’s wheat stock and secure affordable bread for poor and vulnerable households. This first shipment will be followed by several additional shipments of varying sizes over the following months, to ensure continuity of wheat supply and maintain access to affordable bread throughout the lifespan of the project. Approved in May 2022, in response to the global market disruptions caused by the war in Ukraine, the US$150 million project aims to ensure the availability of wheat in Lebanon. Lebanon imports nearly 80% of the wheat it consumes, and, historically, the quasi totality of these imports have come from Ukraine and Russia (respectively 80% and 16% in 2020). The war in Ukraine came at a time when Lebanon ...

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