NO. 40


Financial and Banking News

Aid Flows

Arab-Israeli Conflict Delays Aid To Lebanon

The Lebanese Minister of State for Finance, Mr. Fuad Siniora, said last weekthat Arab and international aid to Lebanon was not flowing into the countrybecause of the unresolved Arab-Israeli conflict. In a statement to parliamentMr. Siniora estimated that in 1993 $5bn had entered Lebanon, without specifyingfrom where. Officials believe however this was mostly remittances fromexpatriate...