Lebanon will not be able to cope with the consequences of the explosion in Beirut on its own, the solution is to cooperate with the IMF, Economy Minister Raoul Neme said on Thursday, August 6.
“Lebanon does not have the financial capacity to cope with the consequences of the blast. We are asking for international assistance. <…> The only solution is to cooperate with the IMF,” Sky News Arabia quoted him as saying.
The minister said the grain storage terminals in Beirut port have been damaged. The government needs time to fully assess the blast damage, he added.
An explosion near the seaport of Beirut took place on August 4. 137 people were killed and about 5,000 injured. The facades of several buildings located in close proximity to the emergency site collapsed and residential buildings and offices were damaged. As a result of the incident, about 300 thousand people were left homeless.