Economic Research | Lebanon This Week | Lebanon This Week 526 | International support for Lebanon at $1.68bn in 2017 | Lebanon | Byblos Bank

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Lebanon This Week 526

Home Economic Research Lebanon This Week 526 International support for Lebanon at $1.68bn in ...
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International support for Lebanon at $1.68bn in 2017

The United Nations indicated that aggregate international contributions to Lebanon reached $1.68bn at the end of 2017, which includes $1.37bn in disbursed funds in 2017 and $309.6m carried over from 2016. In comparison, international support for Lebanon reached $1.9bn at end-2016, with $1.57bn in funds disbursed during 2016 and $344m carried over from 2015.

On a country basis, it noted that the U.S. contributed $450m in 2017, equivalent to 32.7% of total contributions, followed by the European Union with $235m (17.1%), Germany with $214.8m (15.6%) and the United Kingdom with $132.2m (9.6%). Further, it said that donors reported a total of $652.7m in commitments to Lebanon starting in 2018.

Also, the United Nations said that international contributions to the Lebanon Crisis Response Plan reached $1.24bn in 2017 and represented 45% of the appealed funds. It added that contributions to food security totaled $311m in 2017, or 25% of total contributions to the plan, followed by the education sector with $259.9m (20.9%) and basic assistance with $185.6m (15%). The Lebanon Crisis Response Plan 2017-2020 is a joint initiative between the Lebanese government and international and national partners that aims to address challenges posed by the large presence of Syrian refugees in the country.
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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