Qatar plans to invest in Lebanese government bonds to support the country's economy, the Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman Al Thani said on Monday.
The decision was made after a meeting between the Amir H H Sheikh Tamim bin Hamad Al Thani and Lebanese President Michel Aoun amid his visit to Beirut where he headed the Qatar delegation at the Arab Economic and Social Development Summit, which finished its fourth session in the Lebanese capital.
In an announcement to Qatar News Agency (QNA), the Deputy Prime Minister said that Qatar will buy Lebanese government bonds worth $500 million.
He stressed on that this progression comes to strengthen the Lebanese economy, including that Qatar has always been focused on supporting Lebanese people in light of thegreat challenges they face.
He additionally said that this move comes from the significant fraternal ties between the two nations, stressing on Qatar's firm commitment to the Arab siblings, regardless of how the conditions change.
The Deputy Prime Minister communicated trust that the Lebanese Republic and Lebanese people enjoy stability and prosperity, and that the Lebanese economy will recover, focusing on that the region needs a strong and prosperous Lebanon.