France to host aid conference for Lebanon

France to host aid conference for Lebanon
# 17 July 2021 04:12 (UTC +04:00)

France on Friday announced it would host a new international conference to support the Lebanese people amid the latest political turmoil in Beirut, APA reports quoting Anadolu Agency.

Hours after Lebanese Prime Minister-designate Saad Hariri tendered his resignation and withdrew from forming a government, the French Foreign Ministry announced it was holding the conference on the initiative of President Emmanuel Macron.

"This latest development confirms the political deadlock in which Lebanese leaders have deliberately held the country back for months, even as it sinks into an unprecedented economic and social crisis," read a statement from the ministry.

The conference will be held Aug. 4 with the support of the UN. This will be the third international aid initiative by the Macron-led government and the UN to boost investments in Lebanon and support its flailing economy.

In 2018, more than $11 billion was raised at a Paris conference and $298 million at a Fort Bregancon donor conference in 2020 in humanitarian relief after a massive blast struck Beirut on Aug. 4, killing 158 people.

Last year, Macron visited Lebanon twice and assured help to the country through a new political initiative.

Raising concerns over the current crisis after Hariri's resignation, the ministry said there was an "absolute urgency" to form a government, appoint a new prime minister, launch priority reforms and stick to the 2022 electoral deadline, said the statement.

Beirut is scheduled to hold general elections in 2022, which President Michel Aoun on Tuesday assured will take place on time in the spring.

Lebanon is plunged deep into political, economic and financial crisis since 2018, resulting in a political deadlock over the formation of a stable government, falling living standards, poverty, a shortage of essentials like food and medicine, rising unemployment and sky-high inflation.