Planned development projects and economic reforms will put Lebanon back on the right track, President Michel Aoun said from New York Monday.
“Lebanon will rise again through development projects that are accompanied by serious reforms,” Aoun said during a meeting of the American Task Force for Lebanon Monday, according to a statement from his office.
Following a Cabinet session Monday, Information Minister Jamal Jarrah said that a special ministerial committee had been formed to discuss reforms that will accompany the 2020 state budget.
“The economic situation in Lebanon is very delicate,” Aoun said.
Aside from economic measures, Aoun named plans for fighting corruption, increasing transparency and monitoring unnecessary spending in the public sector as important structural reforms.
The Lebanese government has committed to making a series of structural and economic reforms in order to unlock the $11 billion of funds pledged at last year’s CEDRE conference.
Aoun is set to meet with French President Emmanuel Macron at around 6 p.m. New York time, on the sidelines of the U.N. General Assembly.
The meeting between Aoun and Macron comes days after Prime Minister Saad Hariri concluded a visit to Paris, during which he discussed CEDRE projects with the French leader.
The Daily Star