Int’l Effort to Launch Integrated Program for Humanitarian Response to Lebanon’s Crisis

French President Emmanuel Macron meets members of the military mobilized for the reconstruction of the port of Beirut, Sept. 1, 2020. (Reuters)
French President Emmanuel Macron meets members of the military mobilized for the reconstruction of the port of Beirut, Sept. 1, 2020. (Reuters)
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Int’l Effort to Launch Integrated Program for Humanitarian Response to Lebanon’s Crisis

French President Emmanuel Macron meets members of the military mobilized for the reconstruction of the port of Beirut, Sept. 1, 2020. (Reuters)
French President Emmanuel Macron meets members of the military mobilized for the reconstruction of the port of Beirut, Sept. 1, 2020. (Reuters)

World powers are trying to secure humanitarian aid for the Lebanese people as the country continues to collapse economically amid a deadlock in the formation of a new government.

French President Emmanuel Macron recently announced that he was working with international partners to establish a financial mechanism that guarantees the continuation of main public services in the country.

“We are technically working with several partners in the international community so that at some point, (...) if the absence of a government persisted, we could succeed in preserving a system under international constraint, which would then allow the funding of essential services and support the Lebanese people,” Macron told a news conference last week.

Speaking on condition of anonymity, a Lebanese minister said that Paris was adopting a new approach to the Lebanese situation, in coordination with the European Union and through US support, to resolve certain social and economic problems “after realizing that it was unable to achieve a political breakthrough.”

According to the official, the international community will focus on two aspects.

“The first is aid, which will be provided through international institutions as loans from the World Bank that have already been approved. But their purpose will be changed to suit the developments taking place and fill social and humanitarian gaps,” said the official.

“The second is represented by the establishment of a fund for urgent aid, provided that the assistance goes directly to the relevant institutions such as schools, municipalities and hospitals” in an effort to help the poor.

The head of the Parliament’s Finance and Budget Committee, MP Ibrahim Kanaan, said after a meeting with a delegation from the World Bank earlier this week that World Bank projects worth one billion dollars have not been implemented. “We are discussing the reallocation of the funds to meet current needs.”

Professor of Politics and Planning at the American University of Beirut and supervisor of the Crisis Observatory Dr. Nasser Yassin told Asharq Al-Awsat that the international community was seeking to “launch an integrated humanitarian response program to target about one million Lebanese.”

Yassin had followed the recent discussions that took place at the United Nations headquarters in Geneva over the humanitarian situation in Lebanon.

“This program will focus on basic and humanitarian services from food security to health and education, with an initial funding of USD300 million over the next eight months,” he said.



Israel Extends Cooperation between Israeli and Palestinian Banks, Official Says

Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)
Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)
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Israel Extends Cooperation between Israeli and Palestinian Banks, Official Says

Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)
Israeli Finance Minister Bezalel Smotrich attends an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. (Reuters)

Israel's finance minister has extended a waiver that allows cooperation between its banking system and Palestinian banks in the occupied West Bank, the minister's spokesperson said on Sunday.

The waiver, which was due to expire at the end of June, allows Israeli banks to process shekel payments for services and salaries tied to the Palestinian Authority. Without it, the Palestinian economy would have taken a hit.

Finance Minister Bezalel Smotrich extended the waiver during a recent cabinet meeting, his spokesperson said.

US Treasury Secretary Janet Yellen has said it was important to keep open the Israeli-Palestinian correspondent banking relationships to allow battered economies in the West Bank and the Gaza Strip to function and help ensure security.

The Palestinian economy relies heavily on this relationship to process transactions made in Israeli shekels.

Some 53 billion shekels ($14 billion)were exchanged at Palestinian banks in 2023, official data show.