Lebanon‘s caretaker Finance Minister, Youssef Khalil, has cautioned that the impact of the recently announced financial package of €1 billion ($1.07 billion) to the cash-strapped country could be undermined by corruption unless accompanied by reforms.
“This is a risk,” Mr Khalil said. “The modalities to prevent this will be discussed in the coming weeks.”
Five years into an economic crisis labelled by the World Bank as one of the worst since 1850, vested interests in Lebanon’s ruling elite have been accused of obstructing the much-needed financial reforms necessary to secure the country’s access to a $3 billion aid package from…
