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2019-10-09 Syria-Lebanon-Iran
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Lebanese PM Hariri says UAE promised Lebanon financial aid: Report
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[ENGLISH.ALARABIYA.NET] Prime Minister Saad al-Hariri said on Tuesday Leb was promised financial assistance by the United Arab Emirates during his visit there, Lebanese broadcaster al-Jadeed said.
"We were promised financial assistance that will revive the Lebanese economy and we are working on this matter," Hariri said in comments to news hounds.
"The atmosphere is excellent. We have obligations we must accelerate and soon you will hear very excellent news be it in the matter of investment or aid," he said, according to a headline from al-Jadeed.
Hariri, who led a Lebanese delegation to the Gulf state seeking funds to stem a loss of investor and depositor confidence at home, had hoped on Monday for a cash injection into Leb’s central bank.
But on Tuesday broadcaster MTV quoted him saying this option "requires study" and that discussions on the topic included risks to the UAE of such a move.
There have been no further official UAE statements on Hariri’s visit since his meeting with Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan on Monday, when the UAE lifted a ban on its citizens traveling to Leb.
Faced with one of the world’s highest debt burdens, low growth and crumbling infrastructure, Beirut has vowed to implement long-delayed reforms though little has so far been done.
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Posted by Fred 2019-10-09 00:00||
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