Sunday, 10 February 2019

#Lebanon economy needs urgent "surgery" to avoid collapse- PM Hariri | ZAWYA MENA Edition

Lebanon economy needs urgent "surgery" to avoid collapse- PM Hariri | ZAWYA MENA Edition:

Lebanon's economy needs urgent "surgery" or it could collapse, Prime Minister Saad al-Hariri said on Sunday, though he also tried to reassure foreign donors that politicians remained fully united behind reforms agreed with them last year.

After nine months of wrangling over cabinet portfolios, Lebanon's politicians finally formed a government 10 days ago. The heavily-indebted country has said it will enact long-overdue reforms to avoid a worsening of economic, financial and social conditions. 

"Today in Lebanon we don't have time for luxury in politics because our economy could be subjected to collapse, if we do not carry out this surgery quickly and with (political) unanimity," he told the World Government Summit in Dubai.

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