UN chief hails int'l donations for Lebanon

Calls $7.6 billion in pledges of aid "very useful."

January 26, 2007 12:39
1 minute read.
UN chief hails int'l donations for Lebanon

bush ki-moon 298.88. (photo credit: AP)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


The new UN secretary-general welcomed on Friday the international community's $7.6 billion in pledges of aid to Lebanon's Western-backed government as it grapples with sectarian street violence and crushing debt. Ban Ki-Moon called Thursday's international donors' conference in Paris "very useful." "I'm very satisfied with the results," he said on France's Europe-1 radio. He said it was proof of the international community's commitment "to support progress, security and political and economic stability in Lebanon." Many had been concerned that the turmoil in Lebanon would scare donors away, but the final tally came in higher than expected. The largest national pledges came from Saudi Arabia, the United States, France and the European Union, and Arab and international financial institutions also promised substantial funds. The UN leader urged Lebanon's neighbors "to respect the integrity, sovereignty and freedom of the government and people of Lebanon so that they can exercise their rights to develop their country without fear." The conference was aimed at helping Lebanon recover from last summer's war between Israel and the Hizbullah militant group and address $40 billion in debt. It also brought the battle for Lebanon's future into the financial sphere: While donors sought to shore up Prime Minister Fuad Saniora's government, the Hizbullah protesters trying to bring down his government are believed to get substantial funding from Iran. It was unclear what would happen to the money pledged if Saniora's government falls and Hizbullah gains the upper hand. Much of the money - which includes loans, grants and other help - is tied to promised financial reforms in Saniora's government. Saniora's critics said donors would worsen Lebanon's debt.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

U.S. financier Jeffrey Epstein (C) appears in court where he pleaded guilty to two prostitution char
July 17, 2019
Jeffrey Epstein's treatment is 'worse' because of his wealth, his lawyers say


Cookie Settings