European Commissioner in charge of Crisis Management Janez Lenarcic, pictured in June 2020, said the EU had mobilised €64 million for the emergency response in Lebanon. — AFP pic
The next round of funding would be for reconstruction, he said, but warned it would have to go hand in hand with reforms because the international community was not willing to support practices “that led to financial collapse and economic crisis”. The government resigned in the wake of the disaster, but Lebanon has rejected an international investigation, saying it would carry out its own probe aided by foreign experts.
Lebanon’s worst economic crunch since the 1975-1990 war has seen the local currency plummet against the US dollar and poverty double to more than half of the population. The government has blamed central bank governor Riad Salameh for the crisis, though he has rejected all charges.
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