Lebanon gets new government amid economic meltdown
Written by crest887fm on September 11, 2021
A new government has been announced in Lebanon over a year after the previous administration quit following the devastating Beirut port explosion.
Najib Mikati – Lebanon’s richest man – becomes prime minister, a position he has held twice before.
His appointment, along with the naming of a new cabinet, ends months of political paralysis.
It comes as Lebanon grapples with some of the severest domestic crises it has faced in its history. The value of the currency has collapsed, unemployment and inflation have soared, electricity, fuel and medicines are in short supply, and the country has been rocked by nearly two years of protests calling for wholesale political reforms.
Lebanon had been without a proper functioning government since then-Prime Minister Hassan Diab resigned days after a massive blast on 4 August 2020 destroyed Beirut port and the surrounding area.
Speaking to newsmen after announcing the new cabinet, Mr Mikati said one of his first priorities would be to restart talks with the International Monetary Fund to secure a financial rescue package.