Ƶ vows full support for struggling Lebanon

Mohammed Al-Jadaan. (File/AFP)
  • "We are interested to see stability in Lebanon and we will support Lebanon all the way," Ƶ’s finance minister said
  • Lebanon has one of the world's highest levels of public debt compared to GDP and stagnant growth

DUBAI: Ƶ has said it will provide “full assistance” to Lebanon, as the country continues to face a sluggish economy, Ƶ’s finance minister said.

"We are interested to see stability in Lebanon and we will support Lebanon all the way," Mohammed Al-Jadaan told American broadcaster CNBC at the World Economic Forum (WEF) in Davos.

"We are also determined to making sure that we play our role as a catalyst of stability in the region," he added.

Al-Jadaan’s statement comes after Qatar announced its plans to buy $500 million worth of sovereign bonds to boost Beirut's bond market.

Lebanon has one of the world's highest levels of public debt compared to GDP and stagnant growth.