by ZAID M. BELBAGI — arabnews — For Lebanon — a country facing a perfect storm of hyperinflation, food shortages and an acute political crisis — the notion that circumstances could worsen seemed impossible to countenance. However, the Aug. 4 explosion of 2,750 tons of ammonium nitrate in Beirut port proved that things could indeed get worse. Who was responsible for the storage of such quantities of the explosive will remain the subject of speculation, but it must not be allowed to distract from the very real challenges Lebanon faces. A country urgently in need of a bailout, it must look to its talented citizens, not its disconnected elites, for a way out. If anything, the explosion served to underscore the negligence of a nomenklatura that has always put its own financial interests ahead of those of the Lebanese people. As one of the world’s most indebted nations, which now finds itself without a government, the uphill struggle could not be steeper. Whereas disasters elsewhere in the world are met with a period of investigation, in Lebanon crises provide an excuse for those in power to entrench themselves further.
Lebanon’s political elite, unabated by popular anger, is jockeying to form another sham government of self-interest and avoid any sort of investigation. Perhaps more worryingly, an important audit of the country’s central bank is being all but averted. The institution that was complicit in the laundering of billions of dollars stands at the center both of what has plagued Lebanon and any attempt to find a resolution. The lackluster President Michel Aoun has once more deemed that his own political future, as a man of 85, supersedes that of his nation. Ignoring calls to resign, he and MPs must now agree on a new government — though, given the fate of Lebanon’s outgoing prime minister of just a few months, such efforts seem unlikely to succeed.