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

PARIS – 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.