Almasirah:Lebanon's Premier Says He Has No 'Magic Wand' to Fix Country's Crises

Lebanon's Premier Says He Has No 'Magic Wand' to Fix Country's Crises

News - Middle East - Lebanon: Lebanon’s new Prime Minister Najib Mikati says he has no “magic wand” to fix the country’s economic and financial crises, following more than a year of political deadlock over the formation of a government.

Mikati made the remark in a statement on Monday, saying he has “no magic wand to rescue the country from one of its worst ever economic crises,” and that it takes determination and a plan to fulfill achieve the hopes of the Lebanese people.

"It is true that we don't have a magic wand. The situation is very difficult," the statement said, adding that there was no time to lose and no easy path to tackle Lebanon’s economic meltdown.

Mikati, however, pledged to work hard for Lebanon to resolve shortages of fuel and medicine, the supplies of which have dried up as the country’s hard currency reserves have run out.

Mikati, who took the office last week, has promised to revive talks with the International Monetary Fund (IMF) as part of efforts to unlock financial aid.

On Friday, Lebanese leaders agreed on the formation of a new government after a 13-month deadlock that left the country grappling with a severe economic and financial crisis.

Source: Press TV

#Lebanon #Crisis About 2 years