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FinancialNews


  • 14-12-19

    Egypt supports Lebanon after Saad Harir's call for financial support

    (MENAFN) According to NBN local TV channel, on Thursday, Lebanon received food and medical assist from Egypt after a decrease in such products in the market.


    Egypt's support comes as result to a letter that was sent by Lebanese caretaker Prime Minister Saad Hariri to some countries days ago, asking for financial help to protect the import of food and raw materials.


    Hariri also asked for more funding from the International Finance Corporation, a member of the World Bank Group, to support Lebanon to continue its imports as Lebanon has been suffering from complexities in importing some of its basic products because of the lack of USD in the market.


    The economic hold back and the decrease in money injections from the Lebanese expatriates have decreased the central bank's foreign currency reserves causing a lack in dollars for both businesses and individuals.

    MENAFN1412201900450000ID1099421393

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