The Lebanese government raises prices…and awaits international support

The Lebanese government raises prices…and awaits international support
The Lebanese government raises prices…and awaits international support

More than a week passed and the Lebanese Cabinet did not meet, despite the seriousness of the economic situation and the return of movements at a varying pace to the Lebanese street, accompanied by slogans that began calling for the overthrow of the government, which decided to take the path of lifting total support for basic needs in the lives of citizens, without providing the simplest alternatives to steadfastness in The price hike remained unchecked or accounted for, or any reform steps were taken, especially in the direction of recovering the looted funds, knowing that all external support depends on the implementation of the reform program.
Yesterday, Thursday, a number of roads, especially in Beirut, were blocked by truck drivers and public cars in protest at the rise in fuel prices, and public drivers also staged a sit-in in front of the Ministry of Energy and Water. The market is for the local currency, i.e. 20 thousand pounds to the dollar, so there was no way to deliver fuel, especially gasoline.
He stressed that he will resort to successful policies, even if they are painful now, after all the failed policies led to what we have reached, especially at the level of the support file.
And the demands returned to bring down the government on the street, after it decided to take the path of lifting subsidies completely, without taking any step in return in the framework of restoring the looted funds, or fixing the exchange rate of the dollar on the black market, or raiding the dens of the cartels and their warehouses and others, according to what the National Union confirmed. For the unions of workers and employees in Lebanon, which called on workers, the poor, those with limited income, the unemployed and the unemployed to take to the streets and “overthrow the disguised government.”

On the level of meetings yesterday, Lebanese President Michel Aoun discussed, with Prime Minister Najib Mikati, at the Baabda Republican Palace, the results of visits by a number of international delegates, and the developments of negotiations with the International Monetary Fund.
Aoun and Mikati presented the general situation in the country in light of the recent developments at various levels, according to the Lebanese presidency in a statement.
On the other hand, the Lebanese President held a series of diplomatic meetings, as he assured the Special Coordinator of the Secretary-General of the United Nations in Lebanon, Ambassador Joanna Frantsica, that preparations are continuing to start negotiations with the International Monetary Fund as soon as possible, and that the criminal financial investigation into the accounts of the Banque du Liban began yesterday. by Alvarez and Marsal.
Aoun indicated that “the government is continuing to address urgent life affairs to limit its negative effects on citizens, in light of the rise in fuel prices and its impact on commodity prices,” stressing that the investigation into the crime of the Beirut port explosion is continuing to determine responsibilities, in accordance with the applicable legal principles.
Ambassador Frantsica expressed the readiness of the United Nations to support Lebanon in all areas that help it achieve security and economic stability, and to bring views closer and provide the necessary facilities for that.
The Lebanese President also received French Ambassador to Beirut Anne Greu, who conveyed to Aoun a verbal message from French President Emmanuel Macron, including his permanent commitment to help Lebanon’s president, government and people.

A French diplomatic source told Al-Araby Al-Jadeed that “there is resentment in Paris over the suspension of cabinet sessions and the recent security developments in light of the fear of political and security escalation, while the country needs stability in preparation for the start of the reform and rescue workshop, and paving the way for external financial support that remains Conditional on the reform program as well as the holding of parliamentary elections in a healthy and secure democratic atmosphere.
In the context of the “economic” meetings, the Chairman of the Finance and Budget Committee, Representative Ibrahim Kanaan, received yesterday the delegation of the International Monetary Fund headed by the Executive Director of the Fund, Mahmoud Mohieldin, and the participation of the First Adviser to the Executive Director, Maya Choueiri. Kanaan described the meeting as “fruitful.”
Kanaan said, “We offered cooperation between Parliament and the government with the International Monetary Fund, and the need to unify efforts and reform future visions in the next stage, with the aim of reaching an agreement to restructure public debt, as well as banks and implement structural reforms in public finance, specifically in the 2022 budget.”

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