PARIS – The tug-of-war for control of Lebanon takes a financial turn Thursday, with high-ranking officials from 35 mostly Western and Gulf countries meeting in Paris seeking to raise billions of dollars in aid for Prime Minister Fuad Saniora’s embattled government.
Saniora left Lebanon for Paris on a private jet Wednesday, a day after Hezbollah-led protesters who want to topple him clashed with government supporters across the country. At least three people were killed and dozens injured in the violence.
The United States and other Western nations that support Saniora see crucial stakes in Lebanon, hoping the country can emerge from years of war as an oasis of stability in the restive Middle East and stand on its own without interference from countries like Syria or Iran
Analysts expect the countries meeting in Paris to raise $5 billion in grants and loans to help cut Lebanon’s public debt and pay for rebuilding costs after the 34-day war between Israel and Hezbollah fighters last summer.