EU Grants Lebanon Euro 50Mn In Aid
The European Union (EU) granted Lebanon euro 50mn ($47.8mn) in direct assistance on 7 April, as part of the Euro-Mediterranean partnership program. The assistance will be injected into the Treasury in two parts, with the first euro 30mn provided immediately. Altogether, the EU has provided Lebanon with euro 900mn ($861.2mn) in development aid, with two-thirds in the form of loans and the rest in grants. The EU has also...