Lebanon's financial capacity 'very limited', economy minister says after blast


  • World
  • Thursday, 06 Aug 2020

FILE PHOTO: Lebanese Economy Minister Raoul Nehme arrives to attend the cabinet meeting at the presidential palace in Baabda, Lebanon January 22, 2020. REUTERS/Mohamed Azakir

BEIRUT (Reuters) - The Lebanese state and central bank have "very limited" financial capacity to confront the impact of the port warehouse explosion that devastated Beirut without foreign aid, its economy minister said on Thursday.

"The capacity of the state is very limited, and so is that of the central bank and the banks. We're not swimming in dollars," Raoul Nehme said in TV comments to Sky News Arabia.

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