Lebanon: Economic Situation

Foreign and Commonwealth Office written question – answered on 4 March 2020.

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Photo of Andrew Rosindell Andrew Rosindell Co Chair, British-Irish Parliamentary Assembly

To ask the Secretary of State for Foreign and Commonwealth Affairs, what recent assessment his Department has made of the economic situation in Lebanon.

Photo of James Cleverly James Cleverly Minister of State (Foreign and Commonwealth Office) (Joint with the Department for International Development)

We are concerned about the current situation in Lebanon. I spoke with Deputy Prime Minister and Defence Minister Zeina Akar on 15 February to discuss the pressing economic situation. The UK and other members of the International Support Group for Lebanon have urged the new government to move forward with reforms that are needed in order to halt the deteriorating economic situation, restore fiscal balance and financial stability and address long standing structural deficiencies in the Lebanese economy. We stand ready to support Lebanon but look to this government to demonstrate its commitment to reform.

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