Lebanon Anticipates Receiving Significant Deposits From Allies

Published February 11th, 2019 - 09:14 GMT
Lebanon could receive significant bank deposits from allies soon. (Shutterstock)
Lebanon could receive significant bank deposits from allies soon. (Shutterstock)

Deputy Prime Minister Ghassan Hasbani said Sunday that Lebanon could receive significant bank deposits from allies soon.

“What we’re looking for is ... to have the confidence of Arab countries and other countries to place large deposits in the Central Bank of Lebanon, which is something that could happen fairly soon,” Hasbani told Bloomberg Television at the World Government Summit in Dubai.

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Qatar announced that it would buy $500 million of Lebanese government bonds after last month's Arab Economic Social Development Summit, held in Beirut.

Shortly after Doha's announcement, Saudi Arabia's finance minister said his country would go "all the way" to help Lebanon.


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