
by aawsat.com — French Foreign Minister Jean-Yves Le Drian on Tuesday urged the Lebanese to form a new government swiftly or risk a financial crisis worsening and threatening the country’s stability. “(They should) form a government quickly because any delay will continue to worsen the situation,” Le Drian told a news conference. Furthermore, Saudi Arabia’s foreign minister said stability in Lebanon was “very, very important” to the kingdom. Faisal bin Farhan Al Saud said he would not “pre-judge” a conference planned this week in Paris to support Lebanon, which is facing its worst economic crisis since the 1975-90 civil war. “I’ll wait for the results of the conference.” The Lebanese people and the political system need to find a way forward that guarantees its stability and sovereignty, he told a news conference following a Gulf Arab summit in Riyadh in response to a question regarding aid to Lebanon.
Ghinwa Obeid| The Daily Star BEIRUT: All eyes are on Wednesday’s meeting in Paris that will gather an international support group to tackle the situation in Lebanon at a time when the country is facing worsening economic and a political stalemate. The one-day conference, which mainly aims to push Lebanon to form a new government, is co-chaired by France and the United Nations. French Foreign Minister Jean-Yves Le Drian Tuesday urged the Lebanese to form a new government swiftly or risk a worsening financial crisis and threatening the country’s stability. “[They should] form a government quickly because any delay will continue to worsen the situation,” Le Drian was quoted as saying by Reuters. According to the draft of a concluding statement from the conference published by local radio station Voice of Lebanon (93.3), the participating countries will stress that maintaining Lebanon’s stability will require a quick government formation. In light of the difficult economic situation and the liquidity issue facing the country, the attendees are also expected to push Lebanon to adopt a series of reforms that would restore financial stability, fix long-standing issues in the Lebanese economic system and combat corruption.
Last year, France hosted the CEDRE meet for Lebanon, where donors pledged over $11 billion in grants and soft loans to boost the country’s flagging economy and finance key infrastructure projects. The ISGL brings together the United Nations, the governments of China, France, Germany, Italy, Russia, the United Kingdom and the United States, along with the European Union and the Arab League. Lebanon’s delegation to the conference headed to France Tuesday and, according to a source close to the delegation, it includes Foreign Ministry Director General Hani Chemaitelly, Finance Ministry Director-General Alain Bifani, Hazar Caracalla, an economic adviser to caretaker Prime Minister Saad Hariri, and Central Bank representative Raja Abou Asli. The source said he expects the conference to be “a declaration of good intentions with recommendations.” Local media also reported that the first session of the conference would be closed and would not include the Lebanese delegation, which will join the attendees in the second session to present their take on the situation.










