UNITED STATES (OBSERVATORY NEWS) — France, Lebanon’s traditional ally, will host an international “working meeting” for this country on Wednesday in Paris, in order to help it out of the political crisis, according to the French Foreign Ministry.
A statement stated that the meeting of the International Support Group for Lebanon, co-chaired by France and the United Nations, “should allow the international community to call for the formation of an effective and credible government quickly, to take the necessary decisions to revive the economic situation and meet the aspirations expressed by the Lebanese.”
He added, “It is a matter of identifying the demands and reforms that are indispensable expected by the Lebanese authorities so that the international community can accompany Lebanon.”
Parliamentary consultations to select a new prime minister have been postponed, as the Lebanese presidency announced until next Monday.
Lebanon’s economic and financial situation, which has been a very serious situation, has deteriorated profoundly since the start of the protest movement on October 17.
The World Bank predicts an economic recession in 2019 with a 0.2% decrease in GDP.
The World Bank confirms that about a third of the Lebanese live below the poverty line, while unemployment, which exceeds 30% among young people, has increased steadily in recent years.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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