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Beirut: A UN representative warned about the political and economic reality of Lebanon and the wait for leaders in Beirut for the arrival of US President Joe Biden.
“The economic and financial banking system is in a state of chaos,” Jan Kubis, UN Special Representative for Lebanon, said in a tweet on Twitter.
He added: “Social peace is beginning to collapse, security incidents are intensifying, and Lebanon has declared that its foundations are shaking.”
And he deplored: “It seems that political leaders are waiting for Biden, but this is Lebanon, not the United States.”
The economy and finance, the banking system is in ruins, social peace begins to crumble, security incidents increase, the building of #Lebanon it is shaking in its foundations. And political leaders seem to be waiting for Biden. But this is Lebanon, not the United States.
– Jan Kubis (@UNJanKubis) December 28, 2020
On Wednesday, Prime Minister-designate Saad Hariri discussed with President Michel Aoun at the Presidential Palace, east of Beirut, developments in the formation of the government stalled for nearly two months.
Lebanon has not been able to form a new government since the provisional government headed by Hassan Diab resigned, 6 days after a catastrophic explosion in the port of the capital, Beirut, on 4 August.
On December 9, Hariri announced that he had presented Aoun with “a government lineup of 18 ministers with specialization, regardless of party affiliation.”
However, Aoun announced at a later time, his objection to what he said was Hariri’s “uniqueness” in “appointing ministers, especially Christians, without agreeing with the presidency.”
Figures from the Lebanese Institute for Market Studies (private) indicate that the Central Bank’s losses amounted to $ 40 billion, of which 20 billion were lost between 2018 and 2020.
According to data from the International Monetary Fund, gross domestic product, which reached $ 53 billion in 2019, is expected to decline unprecedentedly to $ 18 billion by the end of 2020.
As for public debt, at the end of September 2020, it amounted to about 95,000 million dollars, according to figures from International Information (a private company).
For more than a year, Lebanon has been going through a serious economic crisis, the worst since the end of the civil war (1975-1990), which caused a financial collapse, as well as significant material losses suffered by the Central Bank and protests against the “rampant corruption”.
(Anatolia)
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