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Qatar gives cash-strapped Lebanese army $60 mn: ministry

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Energy-rich Qatar has given Lebanon's cash-strapped armed forces $60 million, the foreign ministry in Doha announced Thursday.

"The announcement comes within the framework of the State of Qatar's firm commitment to support the Republic of Lebanon," the ministry said in a statement.

Lebanon is grappling with an unprecedented financial crisis, branded by the World Bank as one of the planet's worst since the 1850s.

The small Mediterranean country defaulted on its debt in 2020, the local currency has lost around 90 percent of its value on the black market, and the UN now considers four in five Lebanese to be poor.

The economic crisis has eaten away at the value of soldiers' salaries and slashed the military's budget for maintenance........

© Al Monitor

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