Qatar shows commitment to Lebanon financial stability: Lebanese finance minister

BEIRUT: The Lebanese finance minister said on Sunday that Qatar’s position on purchasing Lebanese government bonds was serious and showed a commitment to the country’s financial stability.

A Qatari government official said earlier that Qatar had bought some Lebanese government bonds as part of a $500 investment in the Lebanese economy.

“The Qatari talk is serious and expresses a commitment to the promise that was previously made to support financial stability in Lebanon,” Finance Minister Ali Hassan Khalil told Reuters.

“It will have a positive effect on the markets and we are following up contacts with Qatari officials for this purpose.”

Must Read

Pakistan Eyes Kyrgyz Cotton to Bridge Local Shortfall

Pakistan plans to import three million bales of cotton worth $1.9 billion this year to address its production deficit, stated Ambassador Hasan Zaigham in...