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Lebanon Finally Elects a President

10:38 | 31 كانون الثاني 2025LIMS output
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President

In January, after more than two years of political deadlock, Lebanon’s parliament elected army commander Joseph Aoun as president. Aoun has pledged to take control of all arms outside state authority —implicitly signaling the disarmament of Hezbollah— and fully implement the ceasefire deal with Israel. His presidency ended a prolonged vacuum that had left the country under a weakened caretaker government since October 2022. With this new leadership, questions have emerged about the economic priorities for the upcoming government.

LIMS experts explained that the upcoming government faces the daunting task of steering the country out of its prolonged economic turmoil. While a large portion of economic adjustment has already taken place in recent years, policymakers must still address six key economic priorities:

  1. Preserve the balanced fiscal budget and a steady exchange rate achieved in 2024.
  2. Appoint independent regulatory bodies in electricity, telecommunications, and air transport to allow opening the markets to competition.  
  3. Enforce the public procurement law on post-war reconstruction to ensure the good use of reconstruction funds.
  4. Unfreeze the banking system to restore confidence, provide finance, and support private sector growth.
  5. Empower municipalities to manage essential services—such as electricity, water, and waste management.  
  6. Rebuild Lebanon’s economic ties with Gulf nations to unlock trade opportunities, attract foreign capital, and stimulate economic activity. 

By committing to these priorities, the government can lay the foundations for a prosperous economy.

  • What Economic Breakthroughs Await Lebanon If A President Is Elected Tomorrow? 9-Jan-2025. Leb Economy, Article AR
  • After The Election Of The President, Are There Any Economic Reforms? 10-Jan-2025. Al Jadeed, Video Interview AR
  • Joseph Aoun Imitates Fouad Chehab: Reforms That Reassure Lebanese And Arabs. 10-Jan-2025. Al Modon, Article AR
  • Commitment To Promises.. Key Challenges. 11-Jan-2025. Asharq Business, Article AR  
  • These Are The Economic Challenges Facing The New Era. 13-Jan-2025. Al Anbaa, Article AR 
  • Lebanon.. Hopes For The Ability Of The Upcoming Government To Find Solutions To The Economic Crisis. 23-Jan-2025. France24, Video Interview AR  
  • The Economic Priorities Of The “New Era.” 27-Jan-2025. Al Jadeed, Video Interview AR