French Court of Audit calls for evaluation of financial aid to Lebanon

French Court of Audit calls for evaluation of financial aid to Lebanon

Notification

2023-06-19 | 08:21

High views

French Court of Audit calls for evaluation of financial aid to Lebanon

On Monday, the French Court of Audit recommended that the government assess the effectiveness of its financial aid to Lebanon in order to better meet the needs of the Lebanese people, who are facing severe economic, social, and political crises.

In an attempt to mitigate the impact of the multiple crises that have plagued Lebanon for the past four years, French President Emmanuel Macron announced a series of aid packages to assist the country following the devastating explosion that occurred at the port of Beirut on August 4, 2020, which destroyed entire neighborhoods in the Lebanese capital.

The French Court of Audit scrutinized the assistance provided by the French government to Lebanon between 2020 and 2022 to alleviate the economic, social, and political repercussions afflicting the country.

In a report published on Monday, the Audit Bureau said that it had concluded, as a result of its audit of the aid that Paris provided to Beirut, that the government should be cautious in its aid and loans to Lebanon.

The report emphasized the importance of establishing permanent mechanisms to unify statistics to obtain the necessary tools to measure the consistency, effectiveness,