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France Stresses Commitment to Helping Lebanon's Economy

France Stresses Commitment to Helping Lebanon's Economy

Friday, 20 September, 2019 - 13:15
French President Emmanuel Macron, right, and Lebanese Prime Minister Saad Hariri answer reporters in the garden of the Elysee Palace, Friday, Sept. 20, 2019 in Paris. (AP Photo/Francois Mori)

rance's president says Paris "is fully committed" to implementing the decisions taken during a conference last year to help Lebanon improve its economy.

Emmanuel Macron made his comments Friday while receiving Lebanese Prime Minister Saad Hariri, who is on an official visit to Paris seeking support as Lebanon deals with an ongoing economic crisis.

Lebanon, one of the world’s most indebted states, is aiming to drive through long-postponed reforms to try to improve its stagnant economy and state finances. Speaking at a joint press event with Macron, Hariri said he had had “excellent talks” with French business about investing in Lebanon.

Lebanon has been slowly enacting certain reforms in order to meet conditions for the release of $11 billion in loans and grants made by international donors in Paris in April 2018.

Macron said the money has been mobilized and that "we have reached an agreement with the Lebanese government for them to be implemented quickly."

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