The World Bank said on Wednesday it stood ready to back a new Lebanese governmen...
BEIRUT - The World Bank said on Wednesday it stood ready to back a new Lebanese government, warning the country had no time to waste to tackle an emerging economic crisis worsening by the day.
A wave of massive protests across Lebanon against the ruling elite pushed Prime Minister Saad al-Hariri to resign last week, toppling his coalition cabinet. There has been no sign of progress toward agreeing a new government. “Lebanon does not have the luxury of time to waste to redress issues that need immediate attention,” the World Bank said in a statement after its regional director, Saroj Kumar Jha, met Lebanese President Michel Aoun on Wednesday. “There is an urgent need to stop the emerging economic crisis.”
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