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World Bank mulling setting up trust fund to help Lebanon

The World Bank is considering setting up a Multi Donor Trust Fund (MDTF) to support Lebanon after its government requested a swift assessment of the social and economic impact of the Syrian conflict on the country, The Daily Star has reported, citing a source close to the discussions. The assessment is to tackle needs in the health, education, tourism and trade sectors and will be presented at an international support group for Lebanon on the sidelines of a September 25 meeting of the UN General Assembly. The presentation of the assessment at the UN will pave the way for a second phase of discussions that will tackle the possible establishment of an MDTF to finance developmental projects, the source said.