PM Adib recused himself after the Shiite duo refused to budge on their demands

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Lebanon’s premier-designate recused himself from forming a new cabinet Saturday as international pressure mounts for a reform-minded administration to replace the government that resigned after a deadly August port blast.

Lebanon’s premier-designate is shown inside the Baabda palace on Saturday Sept 26 . He recused himself from forming a new cabinet after the so called Shiite duo refused to budge on their demand to keep the finance ministry under their control despite the recent US sanctions against its minister Ali Hassan Khalil over the way he handled the ministry . Photo credit Dalati and Nohra

“I excuse myself from continuing the task of forming the government,” Mustapha Adib said in a televised speech, apologising to the Lebanese people for his “inability to realise its aspirations for a reformist team” to save the country.

Lebanon’s last government resigned in the aftermath of the colossal blast in Beirut port on August 4 that killed more than 190 people, wounded thousands and ravaged swathes of the capital.

Since his nomination on August 31, Adib has been under pressure to form a new cabinet as soon as possible, so it can carry out the necessary reforms to unlock billions of dollars in foreign aid.

Adib’s efforts to come up with a new line-up have been effectively blocked by the two main parties representing Lebanon’s large Shiite community — Amal and Hezbollah.

The two parties have refused to budge on their demand to keep the finance ministry under their control, a position analysts say is linked to recent US sanctions against a former minister from Amal, as well as Hezbollah-linked businesses.

Even before last month’s blast, Lebanon was already mired in its worst economic crisis since the 1975-1990 civil war and battling the novel coronavirus pandemic.

AFP/ FRANCE24

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3 responses to “PM Adib recused himself after the Shiite duo refused to budge on their demands”

  1. Es gibt kein Normalität mehr Avatar
    Es gibt kein Normalität mehr

    BEIRUT:
    The Lebanese pound was little changed against the dollar on the black market Sunday, trading at around LL8,150 to the greenback.
    Black market exchangers were buying the dollar for around LL8,000 and selling it for around LL8,300.

    For the majority of Lebanese, the sharp decline in value has affected their purchasing power, they are also exposed to high inflation rates for commodities.

    A crackdown on legal exchange shops has turbocharged illicit black market transactions in the crisis-ridden country.
    The black market is no grey area. Even small peer-to-peer exchanges of a few hundred US dollars are strictly forbidden.

    today, On Sunday 12/7/2020 the price of the Lebanese pound against the €uro in the Central Bank was 1 € = 1707.899664 LBP
    1 Lebanese Pound = 0.000586 €uro!

    1. There is nothing to stop the collapse of the Lebanese Lira as long as the status quo continues . If it wasn’t for the deposits of the Lebanese people in the banks in Lebanon the pound would have completely collapsed like the Iranian rial . The Iranian rial hit 290,000 against the dollar yesterday but when the Ayatollahs took over the regime in 1979 it was 70 rials to the dollar . This represent a drop of 4142 times . With Iran and Hezbollah in charge of Lebanon , expect worse things to come

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