BEIRUT – Queues formed outside of many bakeries again on Friday in North Lebanon amid hoarding and smuggling of bread, L’Orient Today’s correspondent in North Lebanon reported.
Here’s what we know:
• According to our correspondent, some people riding motorcycles would go from bakery to another and buy bread to sell it for families that can’t travel with their cars to bakeries at a higher price, or smuggle it outside the country.
• Due to the bread crisis the country is facing and the panic buying around it, many bakeries have put a limit of one bread bundle with each purchase.
• Yesterday the Finance and Budget Committee and the Foreign Affairs and Expatriates Parliamentary committees approved a World Bank loan of $150 million to Lebanon to finance wheat imports. The loan still has to be approved by the full Parliament.
Reporting contributed by L’Orient Today correspondent Michel Hallak.