News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
20
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Sawa
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
20
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
30
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Arab countries considering financial deposits to help Lebanon
Press Highlights
2023-03-17 | 03:09
High views
Share
Share
4
min
Arab countries considering financial deposits to help Lebanon
Lebanon used to receive large amounts of money as aid, but the country has been struggling with a financial crisis and political obstacles that have stalled developmental projects. Due to this, Lebanon has accumulated debts that have remained unpaid since before the crisis of 2019.
This article was originally published in and translated from Lebanese newspaper Nidaa al-Watan.
As a result of the economic and financial crisis, both Arab and Western countries have slowed or ceased funding of Lebanon's developmental projects.
However, the doors seem to be gradually opening for the country's rescue.
Some sources pointed out that an Arab country plans to provide a large financial deposit as a banking deposit to be used in case of a significant collapse. At the same time, the Arab Fund for Development has resumed negotiations in Lebanon to help implement developmental projects.
However, the fund has set a condition that all old debts must be cleared first through reviewing stalled projects and rescheduling the outstanding amounts owed by Lebanon, estimated at around KWD 3,740,000.
In a positive sign, a mission from the Arab Fund for Development is due to arrive in Lebanon next week to review all previously approved projects and find solutions for stalled ones in Lebanon, as well as to demand that the Lebanese government pay some outstanding debts as a condition for approving new projects.
In an official letter, the Arab Fund informed the Lebanese government of its intention to continue financing the projects it funds through loans and grants and to present a new list of projects.
The Arab Fund delegation aims to support Lebanon in overcoming its complex economic and social situation, but with the condition that old debts are cleared, and obstacles that have prevented the implementation of stalled projects are reviewed.
Through mutual correspondence between the fund officials and the Lebanese government, it was agreed to ask the Finance Ministry to approve the proposals of the Arab Fund and schedule related to the postponement of the payment of due installments for the year 2022, estimated for the year 2023, and their rescheduling, starting from the year 2014.
The delegation includes the head of the Infrastructure Projects Department, Mouwafak Al-Saqqar, the Production and Social Development Projects Department head, Youssef Mahyaddin, and financial expert Hatem Abu Laad, among others.
During their visit, which runs from March 19 to March 24, the delegation will monitor loans provided by the fund for water, road, production, and social development projects. They will also discuss the technical aspects of projects funded by the Arab Fund and review the financial aspects of the loans, particularly the repayment schedule and expected cash flows for future withdrawals.
Additionally, the delegation will monitor ongoing aid programs and identify the needs and priorities of the Lebanese government in the field of development projects.
Moreover, projections planned for execution include those related to transportation, water, and social development, as well as aid to support the reconstruction of Nahr El-Bared refugee camp and surrounding areas and to contribute to relief programs for Syrian refugees in Lebanon.
Overall, the return of Arab interest to Lebanon after a long hiatus is seen as a positive development. However, the success of the planned projects will be critical.
Thus, will this visit be a glimpse of hope for Lebanon's recovery and the prevention of its final collapse?
Breaking Headlines
Press Highlights
Arab
Countries
Financial
Deposits
Help
Aid
Lebanon
Lebanese
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-08-19
MEA: Flights from Aug. 22 to 25, 2024, to remain on schedule except for some
Lebanon News
2024-08-19
MEA: Flights from Aug. 22 to 25, 2024, to remain on schedule except for some
0
World News
2024-08-30
Ukraine says US helping in F-16 crash investigation
World News
2024-08-30
Ukraine says US helping in F-16 crash investigation
0
Lebanon News
2024-08-26
Israeli warplanes break sound barrier over Sidon, South Lebanon, and Beirut
Lebanon News
2024-08-26
Israeli warplanes break sound barrier over Sidon, South Lebanon, and Beirut
0
News Bulletin Reports
12:27
Severe Storms and Floods in Yemen, Saudi Arabia, and Sudan Highlight Urgency of Climate Action
News Bulletin Reports
12:27
Severe Storms and Floods in Yemen, Saudi Arabia, and Sudan Highlight Urgency of Climate Action
Videos
d-none hideMe
0
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
0
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
0
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
0
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
0
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
0
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
0
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
2
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
3
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
4
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
5
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
6
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
7
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
8
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More