BEIRUT — The families of vulnerable children in Lebanon have started receiving Unicef cash handouts in U.S. dollars as the U.N. children’s fund seeks to put a stop to hefty losses in aid due to unfavorable exchange rates at Lebanese banks.
The new initiative, named Haddi, or “next to me” in Arabic, provides cash aid to 70,000 Lebanese, Syrian and Palestinian children at risk of child labour, early marriage or exclusion from schooling during Lebanon’s deep economic crisis.
“Unicef chose to explore the risks and feasibility aspects related to switching to USD disbursements … we assessed that the benefits were important and made the decision to swi…
Keep on reading: Stung by Lebanon currency loss, Unicef gives aid handouts in dollars