Beirut explosion: Donors pledge $298 million at emergency meet called by French President

French President Emmanuel Macron's office informed that an emergency conference that was held on August 9 to raise funds for blast-stricken Beirut has mand to raise pledges worth $298 million. 'International Conference of Support and Support to Beirut and Lebanese People' met virtually on invitation from President Macron and Secretary-General of United Nations. conference was attended by Germany, Saudi Arabia, Australia, Belgium, Brazil, Cana, China, Cyprus, Denmark, Egypt, United Arab Emirates, Spain, USA, European Union, UK, IMF, World Bank, among ors. 

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" participants agreed that ir support should be consistent, consistent with needs of Lebanese people, coordinated under leership of United Nations, and deployed directly to Lebanese people in greatest transparency and efficiency. Beyond emergency aid, Conference participants are rey to support Leban's ecomic and financial recovery, which requires, as part of a stabilization strategy, that Lebanese authorities fully commit to in favor of urgent and substantive reforms that Lebanese people expect," French presidential office informed in a release. 

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Beirut explosion

Leban's capital Beirut was struck by a massive explosion on August 4 killing at least 158 people and injuring thousands of ors. According to reports, explosion was caused by 2,700 tonnes of ammonium nitrate, equivalent to 1.2 kt of TNT, that was unsafely stored at Beirut port since 2014 and was purportedly triggered by an intense fire nearby warehouse. blast that leftover 3,00,000 people homeless is said to be among most powerful n-nuclear explosion in history. 

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(Ims Credit: AP)