The United Nations Economic and Social Commission for Western Asia (ESCWA) began distributing on Thursday the aid donated by Saudi Arabia to Lebanon to assist families living in poverty due to the country’s economic crisis.
This aid was contributed by the Saudi Embassy to the initiative of the King Salman Humanitarian Aid and Relief Center, aiming to support food security.
According to ESCWA, the aid targets 300,000 Lebanese people in need and will be distributed among diverse social groups in the country.
Lebanon has plunged into a severe economic crisis three years ago, and the economy continues to deteriorate every day due to the devaluation of the Lebanese Lira and hyperinflation.
Back in April, Saudi Arabia and France pledged a joint development fund to provide Lebanon with about $76 million to support both the food security and the health sector.
Lebanon’s financial collapse is one of the world’s worst since the 1850s, as declared by the World Bank in 2021, noting that approximately over 80% of citizens live below the poverty line.