(ANSAMed) – BEIRUT, APRIL 13 – Lebanese Economy Minister Amin Salam has announced the government’s temporary allocation of US $ 15 million to address the growing shortage of bread in the country.
These are funds distributed on a one-off basis to importers of wheat and flour in order to keep the price of bread calm after long queues of people had created in front of bakeries in different areas of the country for a few days.
Lebanon has been grappling with the worst financial crisis in decades for more than two years. And the central bank is running out of heavy currency reserves.
But the ruling political class is doing everything to avoid raising social tension before the legislative elections on May 15th.
Bread, petrol and most of the medicines have been subsidized by the state for decades, even though Prime Minister Najib Miqati has repeatedly warned the public that the subsidy scheme is destined to end.
In a country where, according to the UN, more than two-thirds of the resident population now lives in poverty and where the local lira has lost more than 90% of its value in the space of two years, the war in Ukraine has caused further repercussions. negative to Lebanon’s ability to cope with imports of wheat and oils from the Black Sea countries: Russia, Ukraine, Romania. (ANSAMed).
Source: Ansa
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