Lebanon: Economic Situation

(asked on 21st March 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment her Department has made of the stability of the economy in Lebanon.


Answered by
Amanda Milling Portrait
Amanda Milling
Government Whip, Lord Commissioner of HM Treasury
This question was answered on 28th March 2022

Lebanon is facing a severe economic crisis. Its people are suffering from the failure of Lebanon's political elites to deliver much-needed and long-promised reforms, exacerbated by the public health crisis caused by COVID-19 and the aftermath of the Beirut port explosion in August 2020. The humanitarian situation is worsening. To help set Lebanon on the right path, the authorities must ensure the parliamentary elections scheduled for 15 May take place on time and are free and fair. Since 2011, the UK has allocated over £787 million in humanitarian and development funding to Lebanon to support Syrian refugees and other vulnerable people. The UK and members of the International Support Group for Lebanon stand with the people of Lebanon in their time of need, but we are clear that Lebanon's leaders must implement a credible reform process as the only sustainable way to address the crisis.

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