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Syria-Lebanon-Iran
U.S. provides Lebanon $250 Million in economic assistance
2007-07-06
The U.S. Agency for International Development Mission Director Raouf Youssef and Finance Minister Jihad Azour signed a Memorandum of Understanding under which the U.S. government will provide Lebanon with $250 million in economic assistance , the U.S. embassy said in a statement.

"The United States is providing the $250 million in economic assistance as part of its $770 million Paris III International Conference pledge to support Lebanon," the embassy said. The assistance aims to support the Lebanese government's "ambitious economic reform program, to help Lebanon reduce its debt and to provide better quality services to all its citizens," it added.

U.S. Ambassador Jeffrey Feltman who was present at the signing ceremony at the Grand Serail Wednesday said: "Sustained economic reform is a real challenge, particularly given the current difficult political circumstances."

Posted by:Fred

#6  The likely alternative is for Hamas Hizbullah to be the only reliable provider of services in much of Lebanon.

And the downside of this is?
Posted by: gromgoru   2007-07-06 21:19  

#5  Duh, yes I meant Hizb'allah.

And no, it's not quite at that stage yet, so far as I can tell.
Posted by: lotp   2007-07-06 12:25  

#4  Isn't it (hezbollah) already?
Posted by: anonymous5089   2007-07-06 12:05  

#3  The likely alternative is for Hamas to be the only reliable provider of services in much of Lebanon.
Posted by: lotp   2007-07-06 11:55  

#2   "Sustained economic reform is a real challenge, particularly given the current difficult political circumstances."

But we're doing it anyway because we love to pi** away taxpayer's good money. Thank you Mr. Youssef.
Posted by: Besoeker   2007-07-06 11:27  

#1  Sustained economic reform is a real challenge, particularly given the current difficult political circumstances

Words fail
Posted by: gromgoru   2007-07-06 07:55  

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