Lebanese PM urges structural reforms to end economic crisis

0 Comment(s)Print E-mail Xinhua, May 17, 2019
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BEIRUT, May 16 (Xinhua) -- Lebanese Prime Minister Saad Hariri said on Thursday that Lebanon will not be able to end its economic crisis without implementing structural reforms, a statement issued by the prime minister's office said.

Implementation of structural reforms will allow Lebanon to benefit from 12 U.S. billion dollars pledged in loans and donations by the CEDRE international conference organized by France in 2018.

"We need the 12 million dollars offered by CEDRE to start with the needed projects and create 30,000 to 50,000 job opportunities per year for the youth and save our economy," Hariri said.

Earlier in the day, French Foreign Minister Jean-Yves Le Drian said France is committed to supporting Lebanon if the country shows serious commitment to implement CEDRE reforms. Enditem

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