Upcoming donor meetings to raise funds for rebuilding war-damaged Lebanon could be an opening for Western lenders to look for fresh commitments from Beirut to resume politically difficult economic reforms.
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Western lenders are signaling they are willing to help with overall economic support if Lebanon agrees to adopt reforms, possibly seeking an International Monetary Fund program as a signal of its commitment to reform and to frame how donor money could be best used.
Donors may insist on Lebanese economic reforms
Good luck with that. The few hundred millions the west will pull out of its backpocket to salve its bad consciences are not needed. Saudi Arabia did come up with a gift if $1 billion alone. Other Middle East countries did or will follow – no strings attached.
Adding insult to injury, Wolfowitz’s(!) Thiefdom Central also tries to get into the game:
The World Bank will reallocate $40 million in previously approved loans for post-war rebuilding in Lebanon and will help verify immediate reconstruction needs as donors consider how much aid to give, a senior bank official said on Monday.
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Saba said the bank would also conduct an economic and social assessment for Lebanon that would review expenditures and budgets for sectors such as health and education.
World Bank moves to help Lebanon rebuild
Let me guess the gist of that World Bank assessment: Hospitals should be privatized, an urgent need to introduce school fee and a Neocon approved Israel friendly curriculum.
The Hisbullah will chuckle and send them back to New York.