Wazni: Lebanon Seeks Loans to Purchase Wheat, Fuel and Medicine
Finance Minister Ghazi Wazni on Thursday said that around 4 to 5 billion dollars will be requested from international donor countries to finance purchases of wheat, fuel and medicines in crisis-hit Lebanon, according to media reports.
Named as new minister on Tuesday, Wazni said that Lebanon is looking to secure 4-5 billion dollars in soft loans to finance the purchase of the country’s needs of wheat, fuel and medicines in light of a dollar shortage crisis.
In December, Lebanon's appeal for foreign aid at the International Support for Lebanon was rebuffed pending reforms and the formation of the government.
Prime Minister Hassan Diab formed Lebanon’s government on Tuesday set to tackle the twin challenges of a tenacious protest movement since October and a nosediving economy.
4 years
Hizbollah government should not get 1 cent in additional loans. Hizbollah cost to Lebanese economy is in the hundreds of biliion dollars. It bankrupted the country, eliminated investments, scared away all western firms, made Lebanon an armed outpost for Iran radicals, and now its puppet government want to mortgage the future of our kids and steal their money. We object to all acts of violence, but we'll prepare for the million-person march on Feb 14 and we'll write all governments to put Bassil and his cronies on the list of supporting a terrorists. We will liberate Lebanon from Iran's Hizbollah or divide the country and join the European Union like Cyprus.
4 years
and the reason for this total collapse is:
أرقام وحقائق «خيالية».. هذا ما جنته أيدي «مافيا السلطة»!
https://janoubia.com/2020/01/22/أرقام-وحقائق-خيالية-هذا-ما-جنته-أيدي/
4 years
and those responsible are the ones who said:
Gebran Bassil: We can teach Washington, London how to run a country without budget
http://english.alarabiya.net/en/News/middle-east/2019/01/23/Lebanese-FM-We-can-teach-Washington-London-how-to-run-a-country-without-budget.html
https://www.youtube.com/watch?v=VsJu3cjE8z8
4 years
No one will give a loan without some very strict conditions--everyone else knows that the political class here are thieves, and nothing changed with this group.
4 years
Who will lend money to these people who have so far no general vision, no plan, no support (except from Ebola who brought them to power)... tsk tsk tsk...
4 years
God has cursed interest-based loans. Lebanese brought this mess on themselves. Not just the politicians.
4 years
He is the finance minister.
Unfortunately this is not the way to go. He disappointed me from this first statement. We need austerity, and to live within our means before getting out of this mess. We dont need more debt. I
4 years
yeah and previous conselor to the former amal minister...how's that for a change! seems he didn't advise him well so is he going to do better? wahahaha!
Wazni said that Lebanon is looking to secure 4-5 billion dollars in soft loans to finance the purchase of the country’s needs of wheat, fuel and medicines in light of a dollar shortage crisis.
Amazing! The strong president and his genius son in law did not know the serious condition the country was in a year ago, 2 years ago and 3 years ago.