Securing support from Arab states such as Saudi Arabia would depend on confronting Hezbollah's influence, while securing an IMF programme would require reforms that past governments have failed to enact. This is not going to be easy," he said. Youssef Khalil, a senior central bank official and aide to governor Riad Salameh, was named finance minister. Hezbollah, which is designated a terrorist group by the United States, named two of the 24 ministers.
The crisis, which came to a head in late , stems from decades of corruption in the state and unsustainable financing. Mikati was the third prime minister-designate to attempt to form the government since Diab quit after the port explosion. Mikati was designated after Saad al-Hariri, a former prime minister, abandoned his efforts.
Hariri traded blame for the failure with Aoun. The president's political adversaries have accused him and his political party of seeking effective veto power in the new government by demanding a third of the seats.
Aoun has denied this repeatedly. Published On 20 Sep The new government has not yet said how it will use the desperately needed funds. More from Economy. Rivian is now biggest US company by market value with no revenue.
Why are giant conglomerates falling out of fashion? Americans keep quitting their jobs in record numbers. US consumer sentiment drops as inflation worries mount. With the government now formed, Parliament will soon convene to issue a vote of confidence for the Mikati government.
It appeared that both Mikati and Aoun reached a gridlock in recent weeks, but political sources close to the negotiations told Al Jazeera that recent pressure from the United States and France compelled the Lebanese leaders to reach a compromise.
Mikati is currently a parliamentarian representing the northern city of Tripoli and heads a three-member bloc. He is also a multibillionaire businessman, and one of the wealthiest men in Lebanon.
The political paralysis continued to persist despite attempts from the Macron government in France to break the deadlock, and the European Union dangling sanctions threats at obstructing officials. Ministers promise transparency and oversight for cash card programme to support , vulnerable families. Egypt, Lebanon, Syria and Jordan energy chiefs affirmed their willingness to facilitate transfers of gas to Lebanon. Major-General Abbas Ibrahim says the collapse of state institutions threatens to undermine the stability of the country.
By Kareem Chehayeb. Published On 10 Sep Prime Minister Najib Mikati 2. Deputy Prime Minister Saadeh al-Shami 3.
Interior Minister Bassam Mawlawi 4. Health Minister Firas Abiad 5.
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