World Bank lends Lebanon $63 million

Lebanon has signed with the World Bank a $63 million loan agreement to help the country expand its vocational and technical education, according to newspaper reports Monday.

The money would be used to build new schools and colleges and expand existing ones, the reports said.

The agreement was signed in Beirut by Minister of Vocational and Technical Education Farouk al-Barbir and World Bank representative Vasilios Demetriou.