Lebanon can鈥檛 waste more time on government formation 鈥� Aoun

Lebanese President Michel Aoun talks on the eve of the country's 75th independence day at the presidential palace in Baabda, Lebanon November 21, 2018. (Reuters)
  • Prime Minister-designate Saad Al-Hariri has hit a wall in his effort to form a national unity government
  • A new government must be in place before Lebanon embarks on major fiscal reform

BEIRUT: Lebanese President Michel Aoun said on Wednesday the country no longer had the luxury of wasting time as a six-month government formation crisis drags on and economic pressures mount.
More than six months since parliamentary elections, Prime Minister-designate Saad Al-Hariri has hit a wall in his effort to form a national unity government as political factions jostle for positions in the new cabinet.
A new government must be in place before Lebanon embarks on major fiscal reform, which the International Monetary Fund said in June is urgently needed to put the country鈥檚 debt on a sustainable footing.
鈥淟ebanon today is experiencing a government formation crisis ... Lebanon no longer has the luxury of wasting time,鈥� Aoun said in a televised speech on the eve of the country鈥檚 75th independence day since the French mandate ended in 1943.
Stressing that tackling the economy is a priority, Aoun called on all officials and parties in Lebanon to set aside personal interests and work responsibly for the Lebanese people.