By Alex DoolerA proposed National Unity Government (NUG) in Lebanon following the shock resignation of Prime Minister Hassan Diab and his cabinet is expected to be ineffective, said Carlos Abadi, Managing Director at financial advisory firm DecisionBoundaries. “France fails to understand the extent of the stranglehold on power held by Hezbollah,” he said. Hezbollah is a Shiite Muslim political party and militant group in Lebanon, which exerts significant influence over the country’s politics. This is because such a structure of governance can be seen as merely “cosmetic,” according to a report in Foreign Policy. “A possible candidate is Talal F Salman, presently lead negotiator with the bondholders and a senior member of the IMF negotiating team.

Source: Forbes August 19, 2020 15:45 UTC