Lebanon’s finance dilemma

  • Date: 23-Sep-2020
  • Source: Ahram
  • Sector:Economy
  • Country:Lebanon
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Lebanon’s finance dilemma

Political and religious figures in Lebanon issued statements this week reflecting the difficulties the country is experiencing in forming a new government.

Such developments coincided with an explosion in the southern Lebanese village of Ain Qana on Tuesday. The Iran-backed, Shia Hizbullah groups has a grip on southern Lebanon, and the politico-security implications of the blast“”though resulting in no casualties so far“”are yet to be seen, especially after further details about it are revealed.

Newly-appointed Prime Minister Mustafa Adib said that "Lebanon doesn't have the luxury to waste time amid the unprecedented crises it is going through,“ adding that he would cooperate with Lebanese President Michel Aoun in finalising the new cabinet lineup.

Adib, a former diplomat, believes that Lebanon needs a new government to "halt the ongoing