Saturday 21 December 2019

Can Lebanon's newly designated PM save the economy? - Reuters

Can Lebanon's newly designated PM save the economy? - Reuters:

After two months of political deadlock, Lebanon has finally designated a new prime minister to form a government.

Nominated with the support of Iran-backed Hezbollah and its allies, Prime Minister-designate Hassan Diab and the cabinet he has vowed to form quickly must win over investors and foreign donors.

What are the main concerns for investors as Lebanon grapples with a hard currency shortage, a huge public debt and a weakening currency?

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