Hariri says UAE promised Lebanon aid after high-stakes talks - Reuters:
Lebanese Prime Minister Saad al-Hariri said on Tuesday the United Arab Emirates has promised investments and financial aid to his deeply indebted country, though work remains to seal the deal, after two days of high-stakes talks in Abu Dhabi.
Hariri, who led a Lebanese delegation to the allied Gulf state, was seeking funds to stem a sharp loss of investor and depositor confidence that has pressured Lebanon’s currency and strained its lenders and central bank.
While the UAE had made no announcement about funding by Tuesday evening, any sort of relief could buy Beirut time as it looks to shore up dollar reserves and begin enacting fiscal reforms it has long promised with little progress.
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