France hosts international conference to tackle Lebanon’s economic crisis
On 11 December an international conference on Lebanon took place in Paris. Agnes von der Muhll, French foreign ministry’s spokeswoman, stated that the conference was aimed “to urge Beirut to accelerate the formation of a government capable of improving the economic situation in the country”. The International Support Group for Lebanon (ISGL), co-chaired by France and the United Nations, met behind closed doors in Paris to discuss how to rescue the country from economic collapse. Representatives from Arab Gulf nations, the United States, China, Russia, Germany, Italy, the United Kingdom and the European Union called on Lebanese political class to form a new government and implement reforms in order to unlock billions of dollars in aid, including the $11 billion in grants and soft loans pledged in a conference one year and a half ago, which remain blocked due to the failure of implementing the agreed reforms. Besides, the ISGL encouraged the country to seek the help of international financial institutions. Protestors took to the streets of Paris and Beirut demanding a complete overhaul of Lebanon’s political system to pull the country out of the worst economic crisis since the civil war. They claim that the international community is propping up politicians that they tried to remove.
- The Euromed news are edited by the team of the Euro-Mediterranean Policies Department of the European Institute of the Mediterranean -