Yassine Jaber, Lebanon's new finance minister, confronts the country's dire fiscal reality on his first day, revealing outdated systems and pervasive corruption. With much of the government in disarray, Lebanon's path to recovery hinges on essential financial reforms. The country is in desperate need of international support, further complicated by the recent conflict with Hezbollah. Foreign donors are interested but demand significant governance overhauls before providing aid, which Lebanon has historically struggled to implement. Ultimately, Jaber's approach underscores the critical need for Lebanon to align its operations with global standards to secure necessary assistance and rebuild post-conflict.
Things cannot continue as they are, he sighed. To fix how it's run, Lebanon needs money. But to attract money, it needs to fix how it's run.
Foreign donors hold the key to Lebanon's recovery, but to meet their demands, the state must do what it has never done before: Undertake painful economic and structural changes.
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