April 6, 2018 / 7:31 AM / 19 days ago

France to provide 550 mln euros in loans, grants to support Lebanon

PARIS, April 6 (Reuters) - Foreign Minister Jean-Yves Le Drian said on Friday that France would provide Lebanon 550 million euros ($672.10 million) in loans and grants to support its economy.

“France will announce a substantial effort of 400 million euros in concessionary loans and 150 million euros in donations to match its ambitions for Lebanon,” Le Drian told the opening of a conference to raise finances for the Lebanese economy. ($1 = 0.8183 euros) (Reporting by John Irish; Editing by Richard Lough)

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