French Roadmap Sets Blistering Pace for Lebanon to Change Course - News Summed Up

French Roadmap Sets Blistering Pace for Lebanon to Change Course


BEIRUT — A French roadmap for Lebanon's next government calls for the immediate resumption of talks with the International Monetary Fund to fix the shattered economy and swift moves to fight graft and introduce other reforms that have been delayed for years. The draft program was reviewed by Reuters on Wednesday, a day after French President Emmanuel Macron on a visit to Beirut delivered a stark message to Lebanon's leaders: deliver on reforms by the end of October or face sanctions. Macron, whose pressure prompted Lebanon's bickering leaders to agree on a new prime minister, has spearheaded international efforts to set Lebanon on a new course after decades of corrupt rule led to its deepest crisis since the 1975-1990 civil war. Lebanon's banks are paralyzed, its currency has crashed and sectarian tensions are rising. On top of that, a huge port blast last month smashed a swathe of Beirut, killing more than 190 people and causing damage estimated at up to $4.6 billion.


Source: International New York Times September 02, 2020 17:03 UTC



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