Lebanon's foreign minister, Abdallah Bou Habib, stated that the government had no role in the decision to engage in war with Israel, emphasizing support for Hezbollah while opposing the conflict. He affirmed commitment to a U.S.-France brokered cease-fire and the implementation of UN resolution 1701, which aims to ensure Israeli withdrawal and control by the Lebanese Armed Forces. The ongoing conflict has severely impacted Lebanon's economy, with damages estimated at $8.5 billion, and the government is seeking foreign funding for reconstruction amidst significant challenges.
Lebanon's economy minister reported that the ongoing conflict between Israel and Hezbollah has already inflicted $20 billion in damages on the country, a figure expected to rise significantly if Israel expands its attacks on critical infrastructure. With Lebanon's GDP around $18 billion in 2023, the economic impact could potentially triple or quadruple.
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