Global Infrastructure SherpaQatar Fund for Development pledges $434.2 million to revive Lebanon's energy sector
The Qatar Fund for Development pledged $434.2 million to support Lebanon, with the majority of funds focused on revitalizing the energy sector.
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A major portion of the package, around $400 million, will be directed toward strengthening Lebanon’s struggling energy sector. In addition to the energy investment, around $34.2 million from the total package will be used to support other essential services. According to the announcement, about 10 percent of the $400 million energy allocation will be provided as a direct grant. The funding is expected to benefit more than 1.5 million people by supporting critical infrastructure and essential humanitarian services across the country.
"The Qatar Fund for Development has announced a financial support package worth $434.2 million to assist Lebanon"
"to assist Lebanon as the country continues to face a severe socio-economic crisis."
"Part of this funding will go to the Ministry of Public Health to help hospitals and healthcare facilities continue their operations."
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