BEIRUT: A visiting EU official said Friday that disbursing half a billion euros in funding to Lebanon was conditional on a banking sector restructure and reaching an agreement with the International Monetary Fund.
In May last year, the European Union announced one billion euros ($1 billion) in aid for Lebanon to help stem irregular migration to the bloc, with the assistance designed to strengthen basic services including education and health amid a severe economic crisis.
The EU Commissioner for the Mediterranean Dubravka Suica on Friday said that of the allocated funds, “500 million (euros) was already adopted in August last year, and another 500 million will come soon, but there are some conditions.”
“The main precondition is the restructure of the banking sector... and a good agreement with the International Monetary Fund,” she told a press conference after meeting with President Joseph Aoun.
“Once these conditions will be fulfilled we will continue of course with disbursing” the funds, she added.
The international community has long demanded Lebanon enact reforms to unlock billions of dollars to boost the economy after a financial crisis widely blamed on mismanagement and corruption took hold in 2019.
Lebanon last month elected a new president after a more than two-year vacuum. This month it formed a government, replacing the previous administration that had been operating in a caretaker capacity.
This week, the IMF said it was open to a new loan agreement with Lebanon following discussions with its recently appointed finance minister.
Suica also said she discussed with Aoun a “new pact for the Mediterranean” which means “we will start bilateral comprehensive strategic partnership agreements with countries including Lebanon,” without providing details.
She and Aoun also discussed issues including a ceasefire in the recent war between Israel and Hezbollah, as well as Lebanon’s army and the Syria crisis, she added.
Suica was scheduled to meet with other senior officials including Prime Minister Nawaf Salam and parliament speaker Nabih Berri during the visit, according to an EU statement.
The EU is desperate for stability in the Middle East and the Mediterranean region as it hopes to avoid major flows of migrants to Europe.
Lebanon says it hosts some two million Syrians, the world’s highest number of refugees per capita, and has also been a launchpad for Europe-bound migrants.
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EU official says Lebanon funding outlay depends on banking restructure, IMF deal
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EU official says Lebanon funding outlay depends on banking restructure, IMF deal
- IMF said it was open to a new loan agreement with Lebanon following discussions with its recently appointed finance minister
- European Union announced one billion dollars in aid for Lebanon to help stem irregular migration to the bloc
‘Hero’ who disarmed Bondi gunman recovers in hospital as donations pour in
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Sydney resident Ahmed al Ahmed seized rifle from one of the gunmen
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Ahmed was shot in hand and arm his family says
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Australia PM said Ahmed showed ‘best of humanity’
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SYDNEY: Donations for a Sydney man who wrestled a gun from one of the alleged attackers during a mass shooting at Bondi Beach have surged past A$1.1 million ($744,000), as he recovers in hospital after surgery for bullet wounds.
Forty-three-year-old Ahmed al Ahmed, a Muslim father-of-two, hid behind parked cars before charging at one of the gunmen from behind, seizing his rifle and knocking him to the ground.
Prime Minister Anthony Albanese said Ahmed’s bravery saved lives.
“What we’ve seen in the last 24 hours was the worst of humanity in a terrorist act. But we also saw an example of the best of humanity in Ahmed Al Ahmed running toward danger, putting his own life at risk,” Albanese told state broadcaster ABC News.
He was shot twice by a second perpetrator, Albanese said. Ahmed’s family said he was hit in the hand and arm.
Australian police on Monday said a 50-year-old father and his 24-year-old son carried out the attack at a Jewish celebration on Sunday afternoon, killing 15 people in the country’s worst mass shooting in almost 30 years.
HAILED A HERO FOR DISARMING THE GUNMAN
Ahmed’s father, Mohamed Fateh al Ahmed, told ABC News in an interview that his son was an Australian citizen and sells fruits and vegetables.
“My son is a hero. He served in the police, he has the passion to defend people.”
“When he saw people lying on the ground and the blood, quickly his conscience pushed him to attack one of the terrorists and take away his weapon,” Mohamed Fateh said.
Jozay Alkanji, Ahmed’s cousin, said he had had initial surgery and may need more.
AHMED PICTURED IN HOSPITAL
Tributes have poured in from leaders both abroad and at home.
Chris Minns, the premier of New South Wales, where Sydney is located, said in a social media post he visited Ahmed at St. George Hospital and conveyed the gratitude of people across the state.
“Ahmed is a real-life hero,” his post said. “Thank you, Ahmed.” A photo showed Minns at his bedside, and Ahmed propped on pillows with his left arm in a cast.
US President Donald Trump called Ahmed “a very, very brave person” who saved many lives.
A GoFundMe campaign set up for Ahmed has raised more than A$1.1 million within one day. Billionaire hedge fund manager Bill Ackman was the largest donor, contributing A$99,999 and sharing the fundraiser on his X account.
SUPPORTERS THANK AHMED FOR SAVING LIVES
Outside St. George Hospital, strangers came to show their support.
Misha and Veronica Pochuev left flowers for Ahmed with their seven-year-old daughter, Miroslava.
“My husband is Russian, my father is Jewish, my grandpa is Muslim. This is not only about Bondi, this is about every person,” Veronica said.
Yomna Touni, 43, stayed at the hospital for hours to offer assistance on behalf of a Muslim-run charity also raising funds for Ahmed.
“The intention is to raise as much money as possible for his speedy recovery,” she said. ($1 = 1.5047 Australian dollars) (Writing by Praveen Menon; Editing by Michael Perry, Saad Sayeed, Alexandra Hudson)
Sydney resident Ahmed al Ahmed seized rifle from one of the gunmen
*
Ahmed was shot in hand and arm his family says
*
Australia PM said Ahmed showed ‘best of humanity’
*
SYDNEY: Donations for a Sydney man who wrestled a gun from one of the alleged attackers during a mass shooting at Bondi Beach have surged past A$1.1 million ($744,000), as he recovers in hospital after surgery for bullet wounds.
Forty-three-year-old Ahmed al Ahmed, a Muslim father-of-two, hid behind parked cars before charging at one of the gunmen from behind, seizing his rifle and knocking him to the ground.
Prime Minister Anthony Albanese said Ahmed’s bravery saved lives.
“What we’ve seen in the last 24 hours was the worst of humanity in a terrorist act. But we also saw an example of the best of humanity in Ahmed Al Ahmed running toward danger, putting his own life at risk,” Albanese told state broadcaster ABC News.
He was shot twice by a second perpetrator, Albanese said. Ahmed’s family said he was hit in the hand and arm.
Australian police on Monday said a 50-year-old father and his 24-year-old son carried out the attack at a Jewish celebration on Sunday afternoon, killing 15 people in the country’s worst mass shooting in almost 30 years.
HAILED A HERO FOR DISARMING THE GUNMAN
Ahmed’s father, Mohamed Fateh al Ahmed, told ABC News in an interview that his son was an Australian citizen and sells fruits and vegetables.
“My son is a hero. He served in the police, he has the passion to defend people.”
“When he saw people lying on the ground and the blood, quickly his conscience pushed him to attack one of the terrorists and take away his weapon,” Mohamed Fateh said.
Jozay Alkanji, Ahmed’s cousin, said he had had initial surgery and may need more.
AHMED PICTURED IN HOSPITAL
Tributes have poured in from leaders both abroad and at home.
Chris Minns, the premier of New South Wales, where Sydney is located, said in a social media post he visited Ahmed at St. George Hospital and conveyed the gratitude of people across the state.
“Ahmed is a real-life hero,” his post said. “Thank you, Ahmed.” A photo showed Minns at his bedside, and Ahmed propped on pillows with his left arm in a cast.
US President Donald Trump called Ahmed “a very, very brave person” who saved many lives.
A GoFundMe campaign set up for Ahmed has raised more than A$1.1 million within one day. Billionaire hedge fund manager Bill Ackman was the largest donor, contributing A$99,999 and sharing the fundraiser on his X account.
SUPPORTERS THANK AHMED FOR SAVING LIVES
Outside St. George Hospital, strangers came to show their support.
Misha and Veronica Pochuev left flowers for Ahmed with their seven-year-old daughter, Miroslava.
“My husband is Russian, my father is Jewish, my grandpa is Muslim. This is not only about Bondi, this is about every person,” Veronica said.
Yomna Touni, 43, stayed at the hospital for hours to offer assistance on behalf of a Muslim-run charity also raising funds for Ahmed.
“The intention is to raise as much money as possible for his speedy recovery,” she said. ($1 = 1.5047 Australian dollars) (Writing by Praveen Menon; Editing by Michael Perry, Saad Sayeed, Alexandra Hudson)
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