French Envoy Criticizes Lebanon over 'Slow' Reforms Needed for IMF Loan

A handout picture provided by the Lebanese photo agency Dalati and Nohra shows Lebanon's caretaker Energy Minister Walid Fayad (right) meeting with French Envoy in charge of coordinating the international aid to Lebanon Pierre Duquesne in the capital Beirut on February 3, 2023. (Photo by DALATI AND NOHRA / AFP)
A handout picture provided by the Lebanese photo agency Dalati and Nohra shows Lebanon's caretaker Energy Minister Walid Fayad (right) meeting with French Envoy in charge of coordinating the international aid to Lebanon Pierre Duquesne in the capital Beirut on February 3, 2023. (Photo by DALATI AND NOHRA / AFP)
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French Envoy Criticizes Lebanon over 'Slow' Reforms Needed for IMF Loan

A handout picture provided by the Lebanese photo agency Dalati and Nohra shows Lebanon's caretaker Energy Minister Walid Fayad (right) meeting with French Envoy in charge of coordinating the international aid to Lebanon Pierre Duquesne in the capital Beirut on February 3, 2023. (Photo by DALATI AND NOHRA / AFP)
A handout picture provided by the Lebanese photo agency Dalati and Nohra shows Lebanon's caretaker Energy Minister Walid Fayad (right) meeting with French Envoy in charge of coordinating the international aid to Lebanon Pierre Duquesne in the capital Beirut on February 3, 2023. (Photo by DALATI AND NOHRA / AFP)

The French diplomat charged with coordinating international support for Lebanon, so it can receive International Monetary Fund aid, on Friday criticized the slow pace of reforms in the crisis-hit country.

The IMF last April announced an agreement in principle with Beirut for $3 billion in aid spread over four years, but conditional on implementing crucial reforms, reported AFP.

"It's really slow," Pierre Duquesne told journalists in the Lebanese capital, at the same time highlighting "a few minor adjustments that go in the right direction".

Among the reforms demanded by the IMF is parliament's approval of the 2022 budget, which Duquesne said came "late".

Lebanon has been effectively leaderless for months, without a president and ruled by a caretaker cabinet.

The IMF is also demanding reform of banking secrecy laws and a restructuring of the banking sector as a whole, as well as a law on capital controls.

"There is no other solution than the IMF to provide capital, credibility and confidence... and to reduce inequality," Duquesne said.

Paris will host an international meeting on Monday on how to end months of political deadlock in Lebanon, with representatives from France, the United States, Saudi Arabia, Qatar and Egypt.

Duquesne is in Beirut to provide French support for the recovery of Lebanon's energy sector, a mission that has already taken him to Egypt and Jordan.

"The two countries have expressed extreme goodwill and said they are technically ready to supply gas and electricity to Lebanon," which is almost completely without power, the diplomat said.

However, energy supplies would have to pass through Syria, which is subject to stringent US sanctions.

Duquesne said he would visit Washington over the next 10 days to discuss "exemptions" for Egyptian gas and Jordanian electricity supplied to Lebanon via Syria.

There, he will also meet officials from the World Bank, which is expected to finance energy deliveries.

Lebanon's political impasse has hampered efforts to resolve its worst-ever financial crisis.

The Lebanese pound has lost more than 95 percent of its market value to the dollar since 2019, and more than 80 percent of the population lives in poverty, according to the United Nations.

Last September, the IMF also criticized the Lebanese authorities, saying progress in implementing reforms remained "very slow".



Biden Welcomes Gaza Truce, Says Region 'Fundamentally Transformed'

US President Joe Biden delivers remarks on the Gaza ceasefire deal between Hamas and Israel, during a visit to the Royal Missionary Baptist Church in North Charleston, South Carolina, US, January 19, 2025. (Reuters)
US President Joe Biden delivers remarks on the Gaza ceasefire deal between Hamas and Israel, during a visit to the Royal Missionary Baptist Church in North Charleston, South Carolina, US, January 19, 2025. (Reuters)
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Biden Welcomes Gaza Truce, Says Region 'Fundamentally Transformed'

US President Joe Biden delivers remarks on the Gaza ceasefire deal between Hamas and Israel, during a visit to the Royal Missionary Baptist Church in North Charleston, South Carolina, US, January 19, 2025. (Reuters)
US President Joe Biden delivers remarks on the Gaza ceasefire deal between Hamas and Israel, during a visit to the Royal Missionary Baptist Church in North Charleston, South Carolina, US, January 19, 2025. (Reuters)

President Joe Biden on Sunday welcomed the ceasefire taking hold between Israel and Hamas in Gaza, saying the "region has been fundamentally transformed."

"After so much pain, death and loss of life, today the guns in Gaza have gone silent," the outgoing president said, just hours after the ceasefire took effect.

Biden was speaking during a visit to South Carolina on the last full day of his presidency, with Donald Trump set to succeed him -- and to inherit the complex task of helping shepherd the initial ceasefire to a more lasting peace.

Defending his determined support for Israel against criticism that it could have drawn the US into a wider war, Biden said he had considered that possibility.

"But I concluded abandoning the course I was on would not have led us to the ceasefire we're seeing today. But instead, it would have risked the wider war in the region that so many feared.

"Now the region has been fundamentally transformed."

Expounding on that, Biden said Hamas's top leaders had been killed and its "sponsors in the Middle East have been badly weakened by Israel, backed by the United States. Hezbollah, one of Hamas's biggest backers, was significantly weakened on the battlefield, and its leadership was destroyed."

He said Israel's military campaign was "extremely successful," leading Hamas's Hezbollah allies in Lebanon to abandon it, making way for Lebanon to install a new president and prime minister, "both of whom support a sovereign Lebanon."

In addition, Biden said: "The Assad regime next door in Syria is gone, removing Iran's ready access to Lebanon. Iran is in the weakest position in decades."

The fighting in Gaza has preoccupied Biden's administration since Hamas launched a surprise and bloody intrusion into Israel in October 2023.

In his comments he did not refer to the other main criticism of his administration's support for Israel as many Americans, aghast at the soaring death toll in the war, called during last year's presidential election for him to rein the US ally in.

Biden's aides have said the final terms of the ceasefire largely follow the outlines of the truce he proposed in May.

But President-elect Trump and his advisors say that only his tough talk and the involvement of his own aides alongside the Biden team helped finally quiet the guns in Gaza.

Biden on Sunday acknowledged the importance of the role played by Trump and his aides.

"Now it falls on the next administration to help them implement this deal," he said.

"I was pleased to have our team speak as one voice in the final days. It was both necessary and effective and unprecedented."