Saad Hariri Calls On ‘Friendly’ Countries to Help Lebanon

As part of the efforts made by caretaker prime minister to address the shortage of liquidity and secure basic import requirements for citizens, his office announced on Friday that Hariri has requested aid from friendly countries to help secure imports of food and raw materials amid an economic and financial crisis that caused import crisis.

 

Via MTV

The appeal for aid, and according to caretaker Hariri’s office, was addressed to ’s King Salman, French President , Russian President Vladimir Putin, Egyptian President Abdel-Fattah al-Sisi, Turkish President Recep Tayyip Erdogan, Chinese Premier Li Keqiang, Italian Prime Minister Giuseppe Conte, and the Secretary of State Mike Pompeo.

He asked those countries to assist in securing import credits “to ensure the continuity of food security and raw materials for the production of various sectors.”

 

As a result, responded to Hariri’s request by sending out invitations to a meeting in of an international support group for on December 11 to mobilize assistance for the country. The Lebanese official said and the were expected to be invited.

@annaharnewsembedded via  

is now witnessing economic and financial crisis which is said to be the worst since its 1975-1990 civil war with zero economic growth, massive debt, and shortage in fuel, medicines, and wheat. That in addition to local banks imposing unprecedented capital controls and thousands of employees have been either laid off or had their salaries slashed.

 

These crises got even worse after the protests in erupted on October 17  leading to the resignation of Hariri’s government two weeks later and to different crises on all levels in all sectors in the country.

Lebanon’s basic needs are mainly imported from outside, including wheat, petrol, and medicine, which leads to a huge trade deficit. Importers have been facing difficulties in getting U.S. dollars to cover imports as the local currency, which has been pegged to the dollar since 1997, lost 40% of its value on the black market.

 

President held a meeting a few days ago with international investment bankers. He stated that dealing with the economic and financial crisis will be the priority of the new government, which is set to be formed next week.

That’s according to his earlier announcement that the binding parliamentary consultations to designate the next Prime Minister of Lebanon will take place next week, on Monday, December 9. 


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