Lebanon appeals to Germany, Britain, Spain for help with imports

Lebanon appealed to more friendly states on Saturday to help it import essential goods as it wrestles with an acute economic crisis and hard currency shortages, the office of caretaker Prime Minister Saad al-Hariri said, Reuters reports.

Hariri wrote to the leaders of Germany, Britain and Spain on Saturday to request help in securing credit for imports, having made the same appeal on Friday to Saudi Arabia, France, Russia, Turkey, the United States, China, and Egypt.

The letters were part of efforts to “deal with the liquidity shortage and to secure basic import needs for citizens … to secure continued food security and raw materials for production”, his office said.

Lebanon’s economic crisis, the worst since its 1975-90 civil war, has spiralled into a financial crunch since the eruption of protests against the ruling elite in October.

The economic crisis is rooted in decades of corruption and waste that have made Lebanon one of the world’s most heavily indebted states.

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