Lebanon: Banks Donate $6 Million to Government Hospitals to Fight Coronavirus, Despite Insolvency

Chairman of the Association of Banks in Lebanon (ABL) Salim Sfeir announced plans to donate $6 million to government hospitals battling coronavirus, in a press conference yesterday, the Middle East Monitor reported. The money from the ABL will be used to purchase 120 respirators for treatment of coronavirus patients across Lebanon, according to a statement from Sfeir’s office. During a meeting between Sfeir and Lebanon’s Prime Minister Hassan Diab on Tuesday, ABL’s chairman handed the government a cheque for the $6 million and said that “today Lebanon is enduring a great national trial. Such trials can only be faced with solidarity and subsidiarity between the state and all the active forces in our society.” Sfeir added that “the only way we will defeat this epidemic is to increase immunity, and we can only relieve the plight by national immunity Lebanon has required over time” and stressed that the banks will continue to be on the front line in the fight against coronavirus. Read more