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Lebanon to Request Resumption of $3-Billion Grant from Saudi Arabia

President Joseph Aoun will request the revival of a $3-billion army grant from Saudi Arabia during his visit next week. The grant has been stalled since 2016 due to strained relations following attacks on Saudi missions in Iran. Aoun aims to strengthen ties with Saudi Arabia and emphasizes Lebanon’s commitment to necessary financial reforms for future assistance.

Lebanon’s President Joseph Aoun is scheduled to visit Saudi Arabia next week, where he intends to request the resumption of a $3-billion grant to the Lebanese army. In an interview with Asharq television, Aoun revealed that he will meet with Saudi Crown Prince Mohammed bin Salman on Monday, marking his inaugural trip abroad since taking office on January 9.

The proposed grant has been on hold since 2016, following Lebanon’s failure to denounce attacks against Saudi diplomatic missions in Iran. Historically, Saudi Arabia has invested heavily in Lebanon, aiding in reconstruction efforts post the 2006 Hezbollah-Israel conflict and supporting various Lebanese political figures. However, the influence of Hezbollah, backed by Iran, has only increased, complicating relations.

In light of recent regional developments, including Israel’s military efforts against Hezbollah and the fall of Bashar al-Assad in Syria, President Aoun expresses hope for improved ties. He stated, “I hope and I await from Saudi Arabia – and especially the Crown Prince – to correct the relationship in the interests of both countries.” Aoun emphasized the need for strengthened economic and political partnerships.

Lebanon is currently facing substantial reconstruction costs due to a year of Israeli strikes, but it faces challenges in securing international aid contingent upon implementing necessary financial reforms. Aoun reassured that Lebanon is committed to these reforms while expressing hope that reconstruction assistance would come incrementally. This would facilitate the return of Lebanese residents displaced from war-torn regions in the south.

In conclusion, President Joseph Aoun’s forthcoming visit to Saudi Arabia seeks to revive a crucial military grant that could stabilize Lebanon’s armed forces amid a complex geopolitical atmosphere. His administration underscores a commitment to economic reforms necessary for attracting foreign aid, especially from the Gulf region, while fostering renewed ties with Saudi Arabia.

In summary, President Aoun’s engagement with Saudi Arabia underscores Lebanon’s desire to reactivate a critical military grant while navigating the complexities of regional politics. His commitment to financial reforms aligns with international expectations for assistance, suggesting a strategic approach to revitalizing Lebanon’s international relationships and military capabilities. The outcomes of this trip could significantly influence Lebanon’s future stability and reconstruction efforts.

Original Source: www.hindustantimes.com

Omar Fitzgerald

Omar Fitzgerald boasts a rich background in investigative journalism, with a keen focus on social reforms and ethical practices. After earning accolades during his college years, he joined a major news network, where he honed his skills in data journalism and critical analysis. Omar has contributed to high-profile stories that have led to policy changes, showcasing his commitment to justice and truth in reporting. His captivating writing style and meticulous attention to detail have positioned him as a trusted figure in contemporary journalism.

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