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".



Lebanon's Al-Rahi: Neutrality is the Foundation of the National Pact

Lebanon’s Maronite Patriarch Beshara al-Rahi (NNA)
Lebanon’s Maronite Patriarch Beshara al-Rahi (NNA)
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Lebanon's Al-Rahi: Neutrality is the Foundation of the National Pact

Lebanon’s Maronite Patriarch Beshara al-Rahi (NNA)
Lebanon’s Maronite Patriarch Beshara al-Rahi (NNA)

Maronite Patriarch Beshara al-Rahi on Sunday called for adopting a policy of neutrality as an effective solution to Lebanon’s current political, social and sectarian crises.

“Neutrality is the foundation of Lebanon's National Pact and not a substitute for it,” the Patriarch said in his Sunday sermon.

Al-Rahi praised President Joseph Aoun's oath and spoke about the trust people have in Prime Minister-designate Nawaf Salam.

“The Lebanese people feel reassured when they listen to the principles that President Aoun intends to follow, in addition to the promises made by world leaders to support Lebanon and help it achieve economic, social and financial growth,” al-Rahi said.

He added that citizens have also placed their trust in the PM-designate, expressing hope for the swift formation of a government in collaboration with the President.

The Patriarch commended Aoun for his pledge to adopt positive neutrality in his inaugural speech, noting that this promise has provided much-needed comfort to many citizens.

He also highlighted the President’s efforts to align neutrality with economic reforms, such as promoting high-quality exports, attracting tourism, and driving economic recovery.

According to al-Rahi, these initiatives underscore that neutrality not only strengthens national unity but also creates the foundation for stability, growth, and prosperity.

Also, the Patriarch reiterated that Lebanon’s identity is not defined by dominance but by its unique role as a beacon of freedom and coexistence between Christians and Muslims.

For Lebanon to fulfill its mission as a bridge between cultures and religions, he affirmed, it must adopt an active and positive stance of neutrality.

“Positive neutrality is a political doctrine that avoids alignment with conflicting regional or international blocs while remaining committed to just causes globally, such as the right of peoples to independence,” al-Rahi said.

He further emphasized that neutrality is a cornerstone of Lebanon’s National Pact and offers the most effective solution to the country’s ongoing political, social, and sectarian crises.

Aoun's election and the designation of a new premier have increased optimism for Lebanon’s future.

Salam will likely present this week his government lineup to Aoun, who must sign the formation decree. Parliament will then convene to issue a vote of confidence for the new government.