This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Lebanese Mikati appointed Prime Minister to encourage action to secure IMF transactions

Article authors:



Timor Azari and Lyrabassam

Beirut — Lebanon's Najib Mikati was appointed Prime Minister Thursday to set aside the difference to secure the IMF deal he said. The only chance to save the country from financial collapse, which urged a painstaking politician.

Faced with a politically difficult path to agree on a new cabinet, the billionaire tycoon who led the previous three governments in Lebanon is a rival group over the ministerial post. He said he didn't have time to "drown in conditions and demands."

"We are facing the challenge of either a complete collapse or a gradual bailout," said $ 3 billion, subject to reforms that have long been postponed by the Lebanese political elite. Mikati said, referring to the IMF Agreement, which promises to support.

In the third year of Lebanon's most volatile situation, financial collapse has sunk more than 90% of currencies, widened poverty, paralyzed the financial system and deposited. Frozen from savings. The crisis since the civil war in 1975-90.

Donors hope that Lebanon will enact reforms to address the root causes of the crisis, including decades of national waste and corruption, before aid is announced. is.

"We wasted enough time and lost many opportunities for support from a friendly country with brothers who always have a clear stance. Lebanese sectarian system.

From the northern city of Tripoli, Mikati will continue to be in charge of the interim cabinet until the new government is established.

Requested approval of the legislation mentioned by the previous administration, which paves the way for a final agreement with the IMF, including amendments to capital regulations.

He is the head of Christian state in Maronite, Michelle Aung. In talks convened by the president, he was nominated by 54 of the 128 members of the parliament, including the Iran-backed Sier Muslim party Hizbora. It is widely believed that Mikati will have a hard time forming a government due to the ongoing division between them.

Analysts and politicians are the term of Aung, the head of state belonging to Hizbora. By the end of October 31, the looming struggle over who will replace Aung is expected to further complicate the cabinet-building process.

Shattered Parliament

The parliament that elects a new president appears to have gone very far from last month's general elections. Heavy-armed siblings and their allies have lost a majority, and reform-minded newcomers A powerful show was held and the Christian Lebanese army belonging to Saudi Arabia won a seat.

Many lawmakers, including Hizbora, called for a swift formation of a cabinet.

"I hope we don't fall into the logic that there is no government before the president," said Sami Gemeier, head of the Christian Cataeb Party. "Given the situation we are in, we can't hold on for another four months."

Reflecting the new situation, Mikati was finally nominated as Prime Minister in September. I got about 20 fewer votes than I did.

Forty-six members did not appoint anyone for this post, but 25 voted for Nawaf Salam, a former Lebanese ambassador and now a judge in the International Court of Justice.

While the IMF's transactions are widely regarded as a gateway to mitigating the financial crisis, how political and financial elites distribute an estimated $ 70 billion in losses in the financial system. Details such as are still divided.

(Report by Timour Azhari and Laila Bassam, Written by Tom Perry and Timour Azhari, Edited by Mark Heinrich and Nick Macfie)