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Mustafa Adib, the Lebanese prime minister-designate, has apologized for his mission to form a new government after spending weeks trying to persuade political parties to accept his elections.
Reports were circulating that the issue that settled the matter was the dispute over who should be in charge of the Ministry of Finance.
Adeeb had been assigned to form a government after the explosion that destroyed most of downtown Beirut, and was trying to form a government to deal with the suffocating financial crisis in Lebanon.
The previous Lebanese government resigned after the explosion in the port of Beirut on August 4 this year, which killed more than 190 people, injured thousands and destroyed entire areas of the capital.
Adeeb has been under pressure to form a government since he was appointed on August 31, in order to carry out the reforms necessary to secure billions of dollars in international aid.
Adeeb’s efforts to form a government have been obstructed by the Amal Movement and Hezbollah, which represent the Shiite community in Lebanon, by insisting on retaining the Ministry of Finance.
Analysts say this is related to the imposition of US sanctions on a former minister of the Amal movement, as well as business interests linked to Hezbollah.
Lebanon was going through a suffocating economic crisis, the worst since the civil war that lasted from 1975 to 1990, even before the port exploded.
Commenting on the crisis, former Prime Minister Saad Hariri said: “Whoever celebrates the failure of the French initiative to urge the Lebanese parties to form a government will regret losing the opportunity. We tell these people that they will bite their fingers with to weigh”.