Paris Conference Raises $1 Billion for Lebanon
Paris Conference Raises $1 Billion for Lebanon
Paris Conference Raises $1 Billion for Lebanon
News summary

An international conference in Paris raised $1 billion in pledges for Lebanon, with $800 million allocated for humanitarian aid and $200 million for military support amid the ongoing conflict between Hezbollah and Israel. The conference, organized by France, gathered over 70 nations and organizations, exceeding both France's initial target and the UN's requested $426 million in aid. Major contributors included the United States with $300 million, France with $108 million, and Germany with around $104 million. The aid aims to address Lebanon's deepening crisis, which has displaced over a million people and killed more than 2,500. French President Emmanuel Macron emphasized the need for a ceasefire and restoring Lebanon's sovereignty, amid challenges of political paralysis and Hezbollah's influence. Despite the financial commitments, delivering aid remains complex due to risks of corruption and lack of transparency in Lebanon's economy.

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