Lebanon’s new government must prioritize three crucial reforms related to finance, governance, and institutional functionality. Effective reforms are necessary to regain donor confidence for financial support. With many civil servants absent, demonstrating effective governance is imperative to stabilize the nation.
Lebanon’s new government faces an urgent mandate to implement three critical reforms. First, it must establish financial stability; access to funds from international donors hinges on the execution of effective reforms. Second, there is an immediate need to restore functionality within governmental institutions, which have suffered from a severe loss of personnel and operational inefficiency. Many civil servants have left the country while remaining on payroll, illustrating the dire state of public service.
Third, the government must demonstrate its commitment to long-term stability and governance practices that meet international standards. The pressing situation was underscored by Finance Minister Yassine Jaber, who highlighted the challenges ahead, emphasizing the skepticism that accompanies any new government, especially following the period of inactivity.
Furthermore, the complexities within Lebanon’s governance extend beyond mere politics; they encompass economic realities that require swift action to regain donor confidence. Without proactive measures, the country risks a significant delay in receiving crucial financial support necessary for reform.
The new Lebanese government must act decisively to implement financial, institutional, and governance reforms. It is essential to restore donor confidence and improve operational efficiency within the government. Failure to address these issues could hinder Lebanon’s ability to secure necessary funding and stabilize the nation in the long run.
Original Source: www.economist.com
