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President Aoun signs Law 251 related to loan agreement with World Bank to support social safety net

National News Agency

National News Agency

17 Dec 2021 15:59

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President Aoun signs Law 251 related to loan agreement with World Bank to support social safety net

President Michel Aoun signed Law No. 251, amending the provisions of Law No. 219 (8/4/2021), after it was approved by the Parliament.

Law 251 is related to the loan agreement signed with the International Bank for Reconstruction and development to implement the emergency project to support the social safety net responding to Corona virus and the Lebanese economic crisis. The aforementioned law also aims to provide cash transfers and social services to poor Lebanese who live under the extreme poverty line, and those affected by the economic crisis and Covid-19. Law 251 also aims to provide an immediate and effective response to confront emergencies or crises if they occur.

Emergency Project:

The emergency project consists of five sections:

-Providing cash transfers to support the basic solution and providing financing to poor Lebanese families who are eligible to meet basic food and non-food needs.

-Providing additional cash transfers for students at risk of being incapable of paying their school fees in public schools.

-Providing social services and strengthening the capabilities and systems of the Social Affairs Ministry and social development centers.

-Supporting the implementation of the social safety net program by allowing project stakeholders to provide opinions and comments and brief them on project regulations.

-Responding to a potential emergency.

Law 251 was also signed by Prime Minister Najib Mikati and is implemented upon publication in the Official Gazette.

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