United Arab Emirates to assist Lebanon in the amount of $ 200 million

The United Arab Emirates will provide Lebanon with financial assistance in the amount of $ 200 million to maintain stability in the country.

The UAE will provide the Lebanese Armed Forces $ 200 million (162.5 million euros) to "stabilize" the situation in the country.

The Foreign Minister said that one half of the funds will be allocated to help the Lebanese army, the other is allocated to support the state security services in Lebanon, a country bordering the war-torn Syria.

The UAE authorities said that such support is "a continuation of efforts aimed at the stability and prosperity of Lebanese citizens."

The statement notes that the "stability and power" of the Lebanese military is a priority, given the "features" of the region.

At a meeting in Rome in mid-March, the international community pledged to help strengthen the Lebanese army.

France, in particular, said it would open a line of credit for the country in the amount of 400 million euros (492 million US dollars).

On Friday, the international community announced that it would provide more than 11 billion US dollars to modernize the Lebanese economy, which will increase the stability of the state in the context of the regional crisis, in particular the war in neighboring Syria.

Loans in support of the Lebanese economy, announced at a conference in Paris, will be used to finance investment projects over the next five years.

Fears of economic collapse hovered over a small country in the Middle East due to the crisis in Syria that began more than seven years ago. As a result of this crisis, more than a million citizens left Lebanon.

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