The Lebanese government is pleading for $12 billion over a 5 year period to help in what one minister described as the “ongoing earthquake” of the Syrian refugee crisis.
“The first thing you have to do is stop the bleeding,” Lebanon’s Education Minister Elias Bou Saab told Reuters at a pre-summit conference at the European Bank for Reconstruction and Development.
“It is an ongoing earthquake that we are living every day, and every day it is growing.”
The tiny country of 4 million people hosts over a million Syrian refugees, however, the Lebanese government believes the real number is much higher when including those not registered.
“We are asking for about $4.9-5.0 billion over the next five years in grants,” Bou Saab said.
“At the same time we will be asking for concessional financing, maybe close to $7 billion for projects infrastructure and others that we will get from the World Bank, or any other bank or European (development) bank.”