BELIEF, الملخص الاقتصادي, النمو, النمو الاقتصادي

Lebanon’s New Government Offers Hope Amid Enduring Challenges

11:15 | 28 شباط 2025LIMS output
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Lebanon

Following the election of Joseph Aoun as president in January, Lebanon witnessed the formation of a new cabinet in February under Prime Minister Nawaf Salam — a development that has stirred optimism among domestic and international observers. The move is seen as a potential turning point after years of political paralysis and economic malaise.

LIMS has described the new cabinet as reform-minded, noting the inclusion of several competent technocrats. According to LIMS, the administration’s foremost priority must be to safeguard recent macroeconomic gains — notably the fiscal balance achieved in 2024 and the policies that have contributed to monetary stability. While much of the economic adjustment pain has already been absorbed, the focus now should shift toward liberalizing the economy to enable recovery.

LIMS emphasized the urgency of resolving Lebanon’s long-standing electricity crisis, a perennial drain on public finances. Broader fiscal consolidation remains a critical task, with the country’s bloated public sector — plagued by inefficiency, patronage, and overemployment — continues to weigh heavily on the budget. The institute further called for stricter oversight of public procurement, in a bid to eliminate overpriced contracts and enhance competition. Reviving Lebanon’s paralyzed banking sector is also seen as essential to restoring credit flows and supporting economic renewal.

Whether the new government can translate optimism into durable reform remains to be seen. The coming months will serve as a litmus test of its resolve — and Lebanon’s ability to chart a path toward recovery and stability.

  • Priorities Of The Lebanese Government: Reviving The Economy From The Financial And Monetary Crisis, February 15, 2025: Al-Araby, Article (AR).
  • The Food Basket Is Rising Further, February 24, 2025: Voix du Liban, Audio Interview (AR).
  • The Economy, To Where, After Completing The Constitutional Entitlements, February 26, 2025: Sawt el-Shaab, Audio Interview (AR).
  • Rationalizing Spending: The Biggest Absentee In The Ministerial Statement! February 27, 2025: Aljadeed, Audio Interview (AR).
  • Haneen, The Leading Lady Of This Stage, February 27, 2025: Annahar, Article (AR).
  • By A Majority Of Votes.. The Lebanese Government Gains The Confidence Of The Parliament February 28, 2025: CNBC, Video Interview (AR).
  • Salam Asks The Ministries For A Financial Audit: Where Did The Public Money Go Amid The Deals? February 28, 2025: Annahar, Article (AR).