Qatar announces $430 mn in support for Lebanon
A visiting Qatari official on Monday announced a multi-million dollar aid package for Lebanon, primarily to support the country's crumbling electricity sector.
In a separate statement, the Qatar Development Fund said the package was valued at about $430 million, the majority of it to support the energy sector, adding that it would benefit some 1.5 million people.
"The support includes a contribution of up to $400 million to support the energy sector," of which 10 percent would be allocated as a grant, it added