Lebanon Will Give Monthly Cash To Families Until The End Of 2020

Lebanon Will Give Cash To Families Monthly Until The End Of 2020
AFP

During the announcement of the new lockdown on Tuesday, Lebanon’s caretaker Prime Minister Hassan Diab uncovered a financial support plan that will take effect during the lockdown.

According to Diab, 240,000 families will each receive a monthly lump sum of 400,000 Lebanese pounds until the end of the current year.

The plan was announced after the official acknowledged the negative impact that the full lockdown can have on the economy, already in shambles.

Throughout the duration of the lockdown, which will last a little over a couple of weeks, all but essential sectors will be closed in an attempt to mitigate the spread of coronavirus (COVID-19) in Lebanon, after the recent catastrophic spike in infections.

In addition to the aforementioned financial aid, nearly 45 billion Lebanese pounds are set to be distributed among the families that were affected by the Beirut Port explosion.

This sum is what remains of the 100 billion pounds previously allocated to provide financial support for the victims of the blast.

Caretaker PM Diab noted that the 100 billion pounds had been handed over to the Lebanese Army and that 55 billion of them have been distributed so far, estimating that the total amount will have been split between nearly 10,000 families when the rest is distributed.

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