Impoverished groups in Lebanon could soon receive more aid after a letter from international donors said on Wednesday there had been an agreement to hand out assistance in hard currency as the Lebanese pound crashed to a new low.
Aid to the country in the midst of a financial meltdown exacerbated by the COVID-19 pandemic is currently handed out in Lebanese pounds at rates set by the Central Bank.
But in a letter to the country's finance ministry seen by the Thomson Reuters Foundation, representatives of the European Union, United Nations and World Bank said they "take note of the verbal agreement" on Feb. 22 by the Central Bank chief and deputy prime minister for aid to be disbursed in U.S. dollars.