State of Qatar to Support Lebanese Economy with $500 Million

HE Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani said that the State of Qatar plans to invest in Lebanese government bonds to support the country’s economy.

The decision was made after a meeting between HH the Amir Sheikh Tamim bin Hamad Al-Thani and HE President of the Lebanese Republic Michel Aoun during HH’s visit to the sisterly Lebanese Republic where he headed the delegation of the State of Qatar at the Arab Economic and Social Development Summit, which ended its fourth session in the Lebanese capital Beirut.

In a statement to Qatar News Agency (QNA), HE Sheikh Mohammed bin Abdulrahman Al-Thani said that the State of Qatar will purchase Lebanese government bonds worth $500 million.

HE stressed that this step comes to strengthen the Lebanese economy, adding that the State of Qatar has always been committed to supporting Lebanese people in light of the great challenges they face.

HE also said that this move stems from the profound fraternal ties between the two brotherly countries, stressing the State of Qatar’s firm commitment to the Arab brothers, no matter how the circumstances change.

HE the Deputy Prime Minister and Minister of Foreign Affairs expressed hope that the Lebanese Republic and Lebanese people enjoy stability and prosperity, and that the Lebanese economy will recover, stressing that the region needs a strong and prosperous Lebanon.

Source: Ministry of Foreign Affairs