Beirut’s violence is frustrating but will be overcome

Beirut: Lebanese Prime Minister Najib Mikati said Thursday’s violence was a setback for the country but will be overcome, and his cabinet said the International Monetary Fund prior to negotiations to withdraw the country from the country. The economic collapse, adding that it was working to provide the necessary financial figures to the (IMF).

Mikati tells Reuters after deadly shootings shook the capital Beirut as tensions over an investigation into last year’s Beirut explosion plunged into the worst street violence in more than a decade, killing six Searoutes. Did.

“Lebanon is going through difficult stages, not easy stages. We are like patients in front of the emergency room,” he said.

“There are then many steps to complete the recovery,” he added, adding that the country’s central bank had no liquidity in foreign currency available.

Mikati’s cabinet took office last month after more than a year of political impasse, focusing on the resurgence of IMF talks to pull the country away from the severe financial crisis that has driven more than three-quarters of its population into poverty. ..

But when a Shiite minister allied with the Hezbollah and Amal movements against the judge demanded his dismissal, it was the line that boiled the chief investigator for months in the deadly Beirut port explosion last year. Threatened to overturn.

“Anyone who wants to resign must take responsibility for his decision,” Mikati said when asked if the minister threatened to resign the request.

He said that interfering with the judiciary was not the job of a politician, and that the body should correct its own mistakes.

“Judges should first comply with the law and the Constitution,” he said.

“Many people, including myself, say there may be constitutional mistakes, but this must be decided by the judiciary, and the institution can correct itself, not the politician. “

Despite being distracted by the Cabinet’s focus on economic recovery, Mikati said the necessary financial data would be provided to the IMF “in the next few days.”

Lebanon’s financial system collapsed in 2019 after decades of corruption and waste in the state, and unsustainable funding methods.

In the last two years, the country has lost more than 90% of its value, and the World Bank calls the economic collapse one of the most serious recessions in modern history.

Negotiations at the IMF stalled last year after the previous administration created a financial recovery plan that planned a loss of about $ 90 billion in the financial sector.

This number was approved by the IMF, but many of Lebanon’s major politicians disputed the magnitude of the loss.

When asked if new numbers for the magnitude or distribution of losses were determined, Mikati said the data could not be revealed before sharing with the IMF.

Last year, financial advisory firm Lazard drafted Lebanon’s original reconstruction plan and was asked to continue its role after the formation of the Mikati Cabinet. Mikati said some numbers handed over by the government next week are waiting to complete their plans.

“I would have hoped (for the figure to be handed over) sooner or later … In the light of the current situation, there is a slight delay outside our capabilities, but soon the negotiations with the IMF will be formal and It starts completely. “”

Disclaimer: This post is auto-published from the agency feed without modification of the text and has not been reviewed by the editor.

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Beirut’s violence is frustrating but will be overcome

Source link Beirut’s violence is frustrating but will be overcome

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