Lebanon secures initial World Bank approval for $400M loan

Lebanon’s finance minister announced that the country has received preliminary approval to raise the value of a World Bank loan for reconstruction from $250 million to $400 million. 

What happened: Finance Minister Yassine Jaber, who is leading the Lebanese delegation to the International Monetary Fund and the World Bank spring meetings, made the announcement after meeting with World Bank Vice President Osama Weden.  

In early March, the World Bank presented Lebanon with a $1 billion…