The Pak Banker

Shrinking foreign aids

- Abdulteef Al-Mulhim

LIKE rest of the world, Saudi Arabia is also passing through an economic phase, which calls for cutting down expenditur­e for the next few years to weather the storm. There are many areas that need to be identified where we need to curtail our expenses. One of the most important things that we should do is to curtail aids to foreign countries. This is also very important at a time when the aid that we offer to certain countries end up being used against our national interests. Lebanon is a prime example. Saudi Arabia generously offers help to Arab and Muslim countries without expecting anything in return but that does not mean that it can tolerate the same funds used against its own people. Many years ago, I read a book written by David Gilmour. The book is about Lebanon's social and political situation. The title of the book was "Lebanon: The fractured country." The title spoke volumes about Lebanon and the nature of the book. It is correct that Lebanon is a fractured country and from what I feel it is more than that, it is actually fractured and lost.

I have only been to Lebanon once in 2003 and stayed there for about 10 days. It is difficult to properly understand a country or a people in 10 days. We all know that we probably have more Lebanese in Riyadh than in any Lebanese city other than Beirut. I wanted to see Lebanon, its people, it streets and its little scattered cities and villages. After a few days, it was apparent that Lebanon had 90 percent of its wealth and infrastruc­ture based in Beirut. And after a few nights in the city and some nearby districts up in the mountains, it was clear that yes, you can hear enough music and eat a lot of food, this all about Lebanon.

I saw many old beautiful buildings, old schools and old hospitals, but all were built by the French many years ago. And there were no decent roads connecting other cities with the capital. In addition to that, there was a clear social gap between the haves and have nots. And because I know that the Arab Gulf states and especially Saudi Arabia had provided Lebanon with tens of billions of dollars in direct financial aid, so, the question is, where did all the money go in a country that has only about 6 million people and covers an area of about 10,000 square kilometers. The country has many tourist attraction­s and archeologi­cal sites that seem to be in a state of neglect. In other words, Lebanon has the most strategic locations. And since the 1960s, Lebanon has been way ahead of most countries not only in the region but also in the world. Beirut had a chance and golden opportunit­ies to become Dubai, Singapore and Hong Kong. The 1970s Gulf states' economic boom money could have been in Lebanese banks and financial centers.

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