World Bank approves $250m emergency aid for vulnerable Lebanese

Lebanon will enter total lockdown on Thursday as it struggles to cope with record coronavirus cases

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  Police issue fines to civilians violating health safety measures on the waterfront in Beirut as Lebanon imposes three-week lockdown amid a record post-holiday surge of new coronavirus cases that has overwhelmed the national health sector. AP Photo

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  A Lebanese policeman in Antelias books a driver for violating the coronavirus lockdown. AFP

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  People line up to get tested for the coronavirus during a lockdown imposed by the authorities in a bid to slow the spread of the disease, in the town of Antelias, east of the Lebanese capital Beirut. AFP

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  A woman runs on the empty waterfront promenade in Beirut amid a nationwide lockdown in Lebanon. AP Photo

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  A patient in the Covid-19 intensive care unit at Rafic Hariri University Hospital in Beirut, Lebanon. EPA

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  The usually crowded seaside promenade in Beirut is deserted, during a lockdown imposed by Lebanese authorities to slow the spread of the coronavirus. AFP

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  A warning tape seals off the seaside promenade in Beirut, Lebanon. EPA

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  Healthcare staff and nurses monitor Covid-19 patients in intensive care at Rafic Hariri University Hospital in Beirut, Lebanon. EPA

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  Beirut's seaside promenade is deserted during the first day of Lebanon latests coronavirus lockdown. EPA

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  A nurse treats a Covid-19 patient in the intensive care unit at Rafic Hariri University Hospital in Beirut, Lebanon. EPA

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  A Covid-19 patient in the intensive care unit at Rafic Hariri University Hospital in Beirut, Lebanon. EPA

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  A nurse treats a patient in the Covid-19 intensive care unit at Rafic Hariri University Hospital in Beirut, Lebanon. EPA

The World Bank Group on Tuesday approved a $246 million aid package to help 786,000 vulnerable Lebanese struggling amidst the country's worst economic crisis in since the 1975-1990 war and a global pandemic.

A sharp increase in coronavirus cases has compounded the crisis, forcing businesses shut and denying daily wage earners an income in a country where more than half the population lives in poverty.

Lebanon, home to six million people, where the World Bank "project will provide 147,000 extreme poor Lebanese households (approximately 786,000 individuals) with cash assistance for one year," a statement said.

"Eligible households will receive a monthly transfer of 100,000 Lebanese pounds ($65) per household member, in addition to a flat amount of 200,000 Lebanese pounds per household," it said.

It will also give 87,000 children between the ages of 13-18 year a top-up cash transfer to cover the direct costs of schooling including fees, textbook and transport and school uniform expenses.

"Lebanon has been facing compounded and unprecedented crises. A severe economic and financial crisis led to a projected 19.2 per cent decline in GDP in 2020, triple digit inflation and a projected increase in poverty to 45 per cent and in extreme poverty to 22 per cent," the Bank said.

An explosion at the Port of Beirut in August, which killed more than 200 people and devastated large parts of the capital, has further compounded the country's economic woes.

Central bank governor Riad Salameh sounded the alarm bells last month, warning the nation could only afford to subsidise vital imports at the official rate of 1,500 Lebanese pounds to the dollar for an additional two months, further highlighting Lebanon's failure in reforming its subsidy programme, which may exacerbate its deepening financial crisis.

Lebanese fear food shortages under lockdown

Lebanon will enforce a 24-hour curfew for 11 days from Thursday, after daily infections spiked by some 70 per cent over the past week.

The surge in new cases is among the steepest in the world.

Under the new measures, non-essential workers will not be allowed out of the house and supermarkets will only operate delivery services.

This has prompted fears of food shortages as such services are not readily available in impoverished and remote regions.