Lebanese President Joseph Aoun’s visit to Saudi Arabia aims to enhance economic recovery and political stability in Lebanon. The trip led to discussions on 22 agreements related to various sectors. While viewed as positive, experts caution that immediate economic relief is unlikely without significant internal reforms and governance changes. The effectiveness of any Saudi support will largely depend on Lebanon’s ability to enact necessary reforms.
Lebanese President Joseph Aoun’s initial official visit to Saudi Arabia has reignited hopes for Lebanon’s economic recovery and greater political stability amid severe financial difficulties. This diplomatic mission aims to enhance bilateral relations, seeking crucial investments and support from Saudi Arabia, a vital regional ally. The meeting is viewed as an essential milestone toward addressing Lebanon’s pressing recovery needs, especially after years of governance challenges.
During the visit, a total of 22 agreements covering trade, agriculture, transport, finance, education, and cultural exchanges were discussed. These agreements seek cooperation on various issues such as exhibitions, civil aviation, and defense. According to Rabih El-Amine, chairman of the Lebanese Executives Council, Saudi banks could assist Lebanon financially, though this aid will depend heavily on Lebanon’s implementation of necessary economic reforms.
Despite positive outlooks, El-Amine warned against expecting immediate economic relief. He emphasized that the visit is a strategic move to rebuild relations rather than a quick fix. Progress in Lebanon will depend on long-term reforms, negotiations with the International Monetary Fund, and restoring investor confidence in the country’s economy.
The discussions also highlighted the importance of Lebanon taking control of its political and security situations, including the need to restrict arms to the Lebanese state. A joint statement underlined the significant role of the Lebanese army in maintaining stability in the region. Key obstacles to reform include political deadlock and sectarian divisions, which could impede any potential progress.
Optimism exists concerning Aoun’s visit, yet El-Amine cautioned that without decisive leadership and institutional reforms, Lebanon may struggle to convert this diplomatic goodwill into meaningful action. The success of Saudi support will largely depend on Lebanon’s ability to stabilize and reform its governance.
Aoun’s trip reinforced the longstanding relationship between Lebanon and Saudi Arabia, with both nations committing to work toward regional stability. After his visit to Saudi Arabia, Aoun traveled to Cairo for an extraordinary Arab summit amidst significant expectations for his presidency, which began in the aftermath of a drawn-out political stalemate, against the backdrop of Lebanon’s severe economic crisis and post-war devastation.
Aoun’s visit to Saudi Arabia has revitalized hopes for Lebanon’s recovery amid ongoing financial turmoil. The signing of multiple agreements is a positive step, though immediate outcomes are unlikely without substantial reforms. The effectiveness of Saudi support hinge on Lebanon’s commitment to political stabilization and economic restructuring, potentially impacting future cooperation.
Original Source: www.arabnews.com
