#LEBANON: Lawmakers Spend World Bank Loan On Wheat

[world politics news]

 

Lebanese lawmakers hav voted to use a $150 million World Bank loan to pay for wheat imports into the cash-strapped country.

Already in the throes of a crippling economic crisis, Lebanon is also struggling to cope with a food security crisis that has left half its roughly 6 million people without adequate food.

[FULL STORY HERE]

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#KENYA: World Bank Warns Gov't Over Debt Ceiling Hikes

[world politics news]

A World Bank report released this week warns that Kenya is drifting towards debt distress, owing to the government’s huge appetite for expensive loans.

The Kenyan Parliament, on the same day when the World Bank report was released, approved the National Treasury’s push to raise the borrowing cap from about 50% of the nation's Gross Domestic Product to an absolute figure of 9 trillion Kenyan Shillings.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

SOUTH SUDAN: Gov't to Probe Missing US$1.7 Billion in Food Aid [world politics news]

Justice Minister Jon Luk Jok vows to probe missing funds.