“Today in Lebanon we don’t have time for luxury in politics because our economy could be subjected to collapse, if we do not carry out this surgery quickly and with (political) unanimity,” he told the World Government Summit in Dubai.
International donor institutions and foreign governments want to see the new government enact reforms before releasing some $11 billion in financial assistance pledged at a Paris conference last April called “Cedre”.
Lebanon’s economic freedom score is 51.1, making its economy the 154th freest in the 2019 Index. Its overall score has decreased by 2.1 points, with declines in scores for judicial effectiveness, trade freedom, and investment freedom far outweighing a modest improvement in labor freedom. Lebanon is ranked 12th among 14 countries in the Middle East and North Africa region, and its overall score is below the regional and world averages.