Lebanon’s Tourism Season Attracts $5 Billion

Lebanon’s Tourism Season Attracts $5 Billion

Lebanon’s summer season constituted a lifeline for the country that has been stricken by an unprecedented economic and financial collapse since 2019. While reliance on the completion of an agreement with the International Monetary Fund (IMF) would extend the state’s finances by about $3 billion, the tourism sector was able during the past few months to secure around $5 billion to the economic cycle.

Minister of Tourism in the caretaker government Walid Nassar said that more than 1.5 million tourists visited Lebanon during the summer season, which continues until the end of September.

Those brought in around $4.5 billion, while the total amount is likely to reach $5 billion, according to the minister.

“Manis still active during the current month, and we are working to maintain it… during the fall season by supporting many autumn tourism activities,” Nassar told Asharq Al-Awsat.

He noted that the private sector benefited the most from the fresh dollars that entered the country, specifically the tourist establishments and all associated sectors.

In response to a question, Nassar stressed that the billions that have entered the country “do not at all dispense with the need for an agreement with the IMF.”

He explained: “An agreement of this kind is a moral and