Tuesday , January 26 2021

European Bank: Crisis in Lebanon is imminent

Current economic indicators suggest a forthcoming crisis. It needs important and bold reforms, especially in terms of finance and energy reform, according to President of the European Bank for Reconstruction and Development, Jürgen Regterek, before Finance Minister Ali Hassan Khalil.

In terms of the reforms Lebanon intends to implement, he said: "Our experience is that the reforms can be painful but the alternative is more painful. We believe that Lebanon is ready to take these steps thanks to & # 39 current government.

Regretrik's concerns were also expressed to the Prime Minister Saad Hariri, who ensured the seriousness of the situation in the hope of approving the overall budget and launching it two months later.

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