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Mideast needs grants, not loans for refugee crisis: Lebanon

Syrian refugee children look on from a window during a sandstorm at a refugee camp on September 8, 2015 near the Bekaa Valley village of Taalabaya LebanonThe Middle East needs grants, not loans, to deal with the millions of refugees who have fled conflicts in the region, a senior Lebanese official said Sunday. Speaking a day after the UN and World Bank announced plans to increase lending to help the region deal with the catastrophic spillover of conflicts in Syria and beyond, the director general of the Lebanese finance ministry, Alain Bifani, said the aid should instead be interest-free. It cannot be loans,” Bifani told AFP on the sidelines of the World Bank and IMF annual meetings in Lima, Peru.

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