Crisis-hit Lebanon's new cabinet to meet for first time

Nellie Chapman
January 23, 2020

"We will ask the global donors to provide Lebanon with $4 billion to $5 billion in soft loans to finance the purchasing of wheat, fuel oil and pharmaceuticals", said Wazni.

A new Cabinet was announced in crisis-hit Lebanon late Tuesday, breaking a months-long impasse amid ongoing mass protests against the country's ruling elite.

"We will ask the worldwide donors to provide Lebanon with $4 billion to $5 billion in soft loans to finance the purchasing of wheat, fuel oil and pharmaceuticals", newly appointed Finance Minister Ghazi Wazni was quoted as saying by Lebanese newspaper The Daily Star.

A self-proclaimed technocrat, the 61-year-old Diab is a university professor but also a former education minister who owes his political appointments to Hezbollah.

"The entire worldwide community has its eye on what this government will do", Finance Minister Ghazi Wazni said in televised comments. Diab was nominated by Hezbollah and allies last month.

'Brexit finish line' crossed as Britain passes European Union exit bill
On Tuesday AMs voted on whether to give consent to the Withdrawal Agreement (Brexit) Bill. Prime Minister Johnson will also sign the document on behalf of the British government.


Prime Minister Hassan Diab met several foreign ambassadors as the heavily indebted government looks to rally support.

U.S. Secretary of State Mike Pompeo said on Wednesday only a government "capable and committed to undertaking real and tangible reforms will restore investor confidence and unlock worldwide assistance".

Lebanon won pledges exceeding $11 billion at an global conference in 2018, conditional on reforms that it has so far failed to implement.

Speaking to reporters after the talks, Tarraf said the conferees agreed that the new government needs to focus on the economic files and implement structural reforms in order to improve the government's performance.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER