Economic boost needed in Lebanon
Filed under: Middle East
In spite of the political mayhem, the Arab Economic Forum is holding its 15th annual meeting in Beirut today. The Al-Iktissad Walamal magazine organized the two day event where approximately 500 persons representing 18 countries will be present, including the governors of the central banks of the major oil exporting countries.
After the July 2006 war with Israel (war started by Hezbollah), Lebanon received $7.6 billion in pledges from the Paris III conference to help rebuild the country and reduce the external debt.
This forum will test the willingness of the participants to address and further support Lebanon's needs for privatization, development and investments. The hope is that economic development will also calm the political tensions between Fuad Siniora's government and Hezbollah-FPM alliance.
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