36 countries and international organizations pledged $298 millions in aid to Lebanon after France organized the aid conference. Out of that sum, $117 will be used to fund health services, emergency shelter, food distribution and COVID-19 programs for 3 months.
It is a drop in a bucket and won't solve the financial and governance problems Lebanon has.
And here is a big f*ck-you message from the IMF at the conference:
"The International Monetary Fund (IMF) said Lebanon must carry out urgent fiscal reforms in order to be able to tap into relief funds".
As predicted until corruption is tackled, there won't substantial assistance offered to Lebanon.
Macron aides told the Lebanese President to resign.
There are mass protests against the government, including storming the government buildings.
Turkey is trying to capitalize on the situation and offered to re-built the port of Beirut and the adjacent areas that were damaged in the blast. Since Lebanon is bankrupt, it means the Turks want to take over the port under their management.
French organizers say international donors have pledged a total of 252.7 million euro ($298 million) in emergency aid during the conference for Lebanon....
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