Lebanon Economic aid - recipient

Economic aid - recipient: of the $7.6 billion in grants and loans pledged to Lebanon at the Paris III conference in January 2007, Beirut as of mid-December 2007 had signed agreements for $3 billion, including $1 billion in project financing, $750 million in direct budget support, $750 million in private sector credit, and $285 million in in-kind aid; about $500 million of the $1.7 billion pledged for direct budget support has been disbursed to Lebanon; donors in August 2006 also pledged nearly $1.8 billion in aid to help Lebanon recover from the 2006 Israel-Hizballah war; during the conflict, Saudi Arabia and Kuwait provided $1.5 billion in concessional loans to the Lebanese central bank to maintain confidence in the Lebanese currency. (2005)

Definition: This entry, which is subject to major problems of definition and statistical coverage, refers to the net inflow of Official Development Finance (ODF) to recipient countries. The figure includes assistance from the World Bank, the IMF, and other international organizations and from individual nation donors. Formal commitments of aid are included in the data. Omitted from the data are grants by private organizations. Aid comes in various forms including outright grants and loans. The entry thus is the difference between new inflows and repayments. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of September 17, 2009