SAWT BEIRUT INTERNATIONAL

| 27 February 2024, Tuesday |

Postponement scenario continues… And authority trying to outsmart International Monetary Fund

As the Russian-Ukrainian developments are constantly escalating, the Lebanese files are at status-quo. The budget approved by the government has not yet reached Parliament, and its study in the Finance and Budget Committee will take at least a month, which threatens the approval process before the parliamentary elections.
The economic recovery plan, which the International Monetary Fund is also emphasizing, to support and financially assist Lebanon, has not yet been fully implemented.
Amidst the reality of the prolonged delay and concern about the fate of the International Monetary Fund aid, Prime Minister Najib Mikati renewed his appeal to the Secretary-General of Arab League, Ahmed Aboul Gheit, saying: “Lebanon is experiencing an unprecedented crisis at all levels, and we are trying to solve it with all available capabilities, relying on the support of its Arab brothers, and all the friends in the world.”
Although the Council of Ministers initially approved the electricity plan, still, some of its provisions were referred to a small ministerial committee, while the formation of the regulatory body and the naming of its members in accordance with international standards, is postponed.
If the postponement scenario continues until further notice, will this postponement policy, be applied to the parliamentary elections as well?

    Source:
  • Sawt Beirut International