Lebanon's Jumblatt Says Country Needs New Prime Minister

PSP chief Walid Jumblatt. (Reuters)
PSP chief Walid Jumblatt. (Reuters)
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Lebanon's Jumblatt Says Country Needs New Prime Minister

PSP chief Walid Jumblatt. (Reuters)
PSP chief Walid Jumblatt. (Reuters)

Lebanon needs a new prime minister to help it exit a deep economic and financial crisis, Progressive Socialist Party leader Walid Jumblatt said in an interview published on Wednesday.

The veteran Druze power broker said replacing Hassan Diab "should seriously be considered because he has amnesia," according to comments to local daily L'Orient-Le Jour that were confirmed by his office.

The newspaper said Jumblatt was referring to remarks by Diab on Tuesday in which he appeared to criticize French Foreign Minister Jean-Yves Le Drian for linking assistance to Lebanon with enacting of reforms and an IMF deal. Le Drian visited Beirut last week.

"It is high time the sponsors of the government realize the gravity of the situation their protege (Diab) has put us in," Jumblatt said.

Lebanon desperately needs aid as it wrestles with a financial meltdown rooted in decades of state corruption and waste, in its worst crisis since a 1975-90 civil war. It entered negotiations with the International Monetary Fund in May after defaulting on its foreign currency debt.

Jumblatt's party is not represented in Diab's cabinet that was formed in January.

The state news agency quoted Diab as telling a cabinet meeting that Le Drian's warning and "lack of information" about government reforms indicated an "international decision not to assist Lebanon". Diab has deleted a tweet stating the same.

The IMF talks have stalled in the absence of reforms and amid differences between the government and banks over the scale of Lebanon's financial losses.

The finance ministry said in a statement on Wednesday that the IMF dialogue was "ongoing and constructive", and the government remained commitment to constructive engagement over its debt restructuring.



France Says Unaware of Algerian Trade Curbs as Tensions Build

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
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France Says Unaware of Algerian Trade Curbs as Tensions Build

French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)
French President Emmanuel Macron and Algerian President Abdelmadjid Tebboune. (AFP file)

France said on Thursday that it was not aware of any official measures imposed by Algeria on its imports and exports, but would keep a close eye on the situation as diplomatic sources suggested Algiers may be preparing trade restrictions.
Ties between Paris and Algiers have worsened in recent weeks since France recognized Morocco's sovereignty over the disputed territory of Western Sahara, which Morocco wants the international community to recognize as Moroccan, Reuters said.
The decision angered Algiers, which backs the Polisario Front that is seeking an independent state.
"We have not been made aware of such measures, but we are closely watching the situation for our companies in Algeria," France's foreign ministry spokesman Christophe Lemoine told reporters at a weekly news conference.
The office of Algerian Prime Minister Nadir Larbaoui issued a statement denying the contents of a post on X by France's former ambassador Xavier Driencourt which shows a screenshot of a document that appears to outline restrictions on imports and exports. Reuters was not able to authenticate the document and Driencourt did not respond to a request for comment.
"Following the false allegations promoted by the former French ambassador to Algeria ... regarding the alleged restrictive measures on foreign trade, the press office of the Prime Minister would like to categorically deny this information which is completely unfounded," it said in a statement.
According to three diplomats, there has been a concerted effort in recent months by Algeria to toughen the business environment for French firms, including wheat exporters.
The diplomats said there had been some signals in recent days that Algiers may look to specifically target French imports and exports, although there had been no official confirmation at this stage.
Algerian officials did not respond to Reuters' requests for comments.
BANKING SPAT
In 2022, Algeria's banking association ordered the end of payments to and from Spain after an official trade ministry directive, although it exempted key gas exports.
That rift, which has since calmed, was also over Madrid's stance on Western Sahara.
French daily newspaper Le Figaro newspaper reported on Thursday that the banking association in the North African country had met banks on Nov 4. and informed them of a potential measure.
Two diplomats told Reuters they were aware of that meeting, but cautioned that the association could not take such a decision unilaterally.
Several French companies operating in Algeria contacted by Reuters said they had not received any new directives and French officials said at this stage no companies had approached them with any specific difficulties.
Grain traders have reported that Algeria overlooked France in wheat tenders last month due to the diplomatic tensions, though Algerian state grains agency OAIC said it treated all suppliers fairly and applied technical requirements to cover its import needs.
The reported trade obstacles echo a diplomatic dispute three years ago that led to France being sidelined from its former colony's wheat tenders for months. Trade between the two countries grew more than 5% in 2023 with hydrocarbon exports from Algeria to France increasing about 15%, although imports to Algeria from France dropped 0.5%, according to the French finance ministry.