
BEIRUT, (Reuters) By Maha El Dahan and Laila Bassam – Lebanon’s parliament voted on Tuesday to hold legislative elections on March 27, giving Prime Minister Najib Mikati’s government only a few months to try to secure an IMF recovery plan amid a deepening economic meltdown. Lebanon’s financial crisis, which the World Bank labelled one of the deepest depressions of modern history, had been compounded by political deadlock for over a year before Mikati put together a cabinet alongside President Michel Aoun. The currency has lost 90% of its value and three-quarters of the population have been propelled into poverty. Shortages of basic goods such as fuel and medicines have made daily life a struggle. Mikati, whose cabinet is focused on reviving talks with the International Monetary Fund, had vowed to make sure elections are held with no delay and Western governments urged the same.
After a meeting with an executive director at the IMF on Tuesday, Mikati said his government had compiled necessary financial data for the fund. “We hope to complete a cooperation programme before the end of this year,” Mikati was quoted in a statement by his office as saying after a meeting with the IMF’s Mahmoud Mohieldin in Beirut. But a row over the probe into last year’s Beirut port blast that killed over 200 people and destroyed large swathes of the capital is threatening to veer his cabinet off course. Some ministers, aligned with politicians that lead investigator Judge Tarek Bitar is seeking to question over the explosion, last week demanded that the judge be removed from the probe. Mikati has since said the cabinet will not convene another meeting until an agreement is reached on how to deal with the crisis.










