Skip to main content

Saudi Arabia, France pledge aid to Lebanon for food, health sectors

Some countries have been reluctant to provide aid to crisis-stricken Lebanon without the government's implementation of economic reforms.
Lebanon aid

Saudi Arabia and France announced new assistance to Lebanon today as the economic and political crisis in the country continues. 

The Saudi government’s humanitarian organization KSrelief signed an agreement with the French Foreign Ministry for Riyadh to provide 36 million euros ($38.2 million) to Lebanon. The money will go towards food, nutrition and health, the official Saudi Press Agency reported

France will provide an additional 30 million euros ($31.8 million) in aid to humanitarian and development projects in Lebanon, the French embassy in Beirut said in a tweet last night.

The aid is in keeping with the guidelines agreed upon by French President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman last year. One recipient of the funds will be a hospital in Tripoli, the French Foreign Ministry said in a statement. 

Why it matters: The Lebanese economic crisis began in 2019 and has only gotten worse since then. The crisis has been marked by the depreciation of the Lebanese currency as well as shortages of food, fuel and medicine. The 2020 Beirut port explosion further exacerbated the situation, and is still under investigation by the government nearly two years later. Anti-government protests have continued on and off since 2019.

The situation in Tripoli, where France will send some of the new funding, is particularly dire. Earlier this week, several migrants died after sailing from the northern Lebanese port city when their boat capsized. 

Lebanon is also plagued by massive corruption. In March, a judge charged Central Bank head Riad Salameh with illegal enrichment and money laundering. 

Many states, including France, have been reluctant to provide considerable aid to Lebanon in the absence of governance and macroeconomic reforms.

The International Monetary Fund announced earlier this month $3 billion in aid to Lebanon, but this is contingent on the Lebanese government passing a budget and a law to fight corruption. 

The Saudi aid also represents a turning point in Saudi-Lebanon relations. Saudi Arabia pulled its ambassador from Lebanon last year over comments made by Lebanese minister that were critical of the Saudi intervention in Yemen. Earlier this month, Saudi Arabia returned its ambassador. 

Saudi Arabia remains concerned about Iran’s influence in Lebanon via Hezbollah, as well as drug trafficking from Lebanon. 

Join hundreds of Middle East professionals with Al-Monitor PRO.

Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Try it for free and cancel anytime.

Already a Member? Sign in

Free

The Middle East's Best Newsletters

Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.

Free

What's included:
Our Expertise

Free newsletters available:

  • The Takeaway & Week in Review
  • Middle East Minute (AM)
  • Daily Briefing (PM)
  • Business & Tech Briefing
  • Security Briefing
  • Gulf Briefing
  • Israel Briefing
  • Palestine Briefing
  • Turkey Briefing
  • Iraq Briefing
Expert

Premium Membership

Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.

$25.00 / month
billed annually

Become Member Start with 1-week free trial
What's included:
Our Expertise AI-driven

Memos - premium analytical writing: actionable insights on markets and geopolitics.

Live Video Q&A - Hear from our top journalists and regional experts.

Special Events - Intimate in-person events with business & political VIPs.

Trend Reports - Deep dive analysis on market updates.

Text Alerts - Be the first to get breaking news, exclusives, and PRO content.

All premium Industry Newsletters - Monitor the Middle East's most important industries. Prioritize your target industries for weekly review:

  • Capital Markets & Private Equity
  • Venture Capital & Startups
  • Green Energy
  • Supply Chain
  • Sustainable Development
  • Leading Edge Technology
  • Oil & Gas
  • Real Estate & Construction
  • Banking

We also offer team plans. Please send an email to pro.support@al-monitor.com and we'll onboard your team.

Already a Member? Sign in

Start your PRO membership today.

Join the Middle East's top business and policy professionals to access exclusive PRO insights today.

Join Al-Monitor PRO Start with 1-week free trial