Lebanon to seek up to $5 billion in soft loans

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Lebanon to seek up to $5 billion in soft loans
 © In-Cyprus 2020
Lebanon’s new government must reassure international donors it is serious about reforms to tackle a financial crisis as it looks initially to secure up to $5 billion in soft loans for basic goods, its finance minister said on Thursday.

The government that took office on Tuesday faces an emergency in which banks have imposed controls, the Lebanese pound has weakened and protesters have turned to violence which a senior U.N. official described as “politically manipulated”.

“The entire international community has its eye on what this government...


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Lebanon to seek up to $5 billion in soft loans


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: lebanon, billion, loans,