Lebanon seeks $4-5 billion in loans for wheat, fuel, medicine - GulfToday

Lebanon seeks $4-5 billion in loans for wheat, fuel, medicine

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Lebanese Finance Minister Ghazi Wazni arrives for the inaugural cabinet meeting at the presidential palace in Beirut. AFP

Lebanon is looking to secure $4 billion - $5 billion in soft loans from international donors to finance purchases of wheat, fuel and medicines, Lebanese newspaper The Daily Star cited finance minister Ghazi Wazni as saying on Thursday.

Wazni, named minister in a new cabinet formed on Tuesday, said the financing was intended to cover the country's needs for one year and reduce a run on the dollar.

Reuters

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