Beirut: Today, the Caretaker Minister of Finance, Dr. Ghazi Wazni and the United Nations Special Coordinator for Lebanon, Ján Kubiš, met to discuss financial and social matters, in addition to the International Support Group for Lebanon conference to be held on Wednesday, sponsored by the French President Emmanuel Macron and the UN Secretary-General António Guterres with the aim to provide emergency aid to Lebanon.
Following the meeting, Ján Kubiš stated:
“First, I am happy to have met with the Caretaker Minister Dr. Ghazi Wazni, and I was very pleased to hear about the work that the Ministry of Finance is carrying out under his direction, especially with regard to the budget. It is essential to provide a realistic budget for 2021 given the thorny economic, financial and social developments in Lebanon. We hope that the budget will focus on the social needs and protection of Lebanese citizens. This process is just the first step, but we do hope that the Lebanese Parliament will approve this in a timely manner, as the country cannot operate without a budget during these difficult times. Dr. Ghazi Wazni and I also discussed further issues, including the forensic audit of the central bank, the issue of liquidity and foreign currency reserves, as well as the country's ability to provide support to its citizens in light of these difficult circumstances. Additionally, we talked about future UN projects in Lebanon, including the conference that will be held tomorrow under the co-chairmanship of the UN Secretary-General and the French President. We will work to assess the current situation in the country and how the international community best can help Lebanon. The first step, of course, is for Lebanon to form a competent government that can implement needed reforms as quickly as possible."
For any investors’ enquiry, please contact lb.bondholders@lazard.fr
For any media enquiry, please contact hg@highgate.ltd
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
