Lebanon President: Political Reform Essential to Unlock Loan

Date: 07 March 2022 - 21:56

News ID: ۱۰۰۷۴۰

BEIRUT (Xinhua) – Lebanese President Michel Aoun said on Monday that since Lebanon is in need of loans but the conditions to unlock funds by the International Monetary Fund (IMF) are very complicated, the country needs to reform. President Aoun attributed the delay in implementing reforms proposed by the IMF to the institutional paralysis in Lebanon, which hinders decision-making in the country. “The Lebanese system is paralyzed and needs to be changed by adopting decentralization to facilitate the decision-making process ... Reform of the ruling system is very essential,” he said.