Lebanon seeking $4 to 5 billion in loans for basic provisions: Finance minister

Minister of Finance Ghazi Wazni arrives for the inaugural cabinet meeting at the presidential palace on January 22, 2020. (File photo: AFP)

Lebanon is looking to secure $4 billion – 5 billion in soft loans from international donors to finance purchases of wheat, fuel, and medicines, Lebanese newspaper The Daily Star cited finance minister Ghazi Wazni as saying on Thursday.

Wazni, named minister in a new cabinet formed on Tuesday, said the financing was intended to cover the country's needs for one year and reduce a run on the dollar.

Last Update: Wednesday, 20 May 2020 KSA 10:01 - GMT 07:01