AIRLINK 74.29 Increased By ▲ 0.29 (0.39%)
BOP 4.95 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.37 Decreased By ▼ -0.05 (-1.13%)
DFML 38.80 Decreased By ▼ -0.40 (-1.02%)
DGKC 84.82 Decreased By ▼ -1.27 (-1.48%)
FCCL 21.21 Decreased By ▼ -0.44 (-2.03%)
FFBL 34.12 Increased By ▲ 0.11 (0.32%)
FFL 9.70 Decreased By ▼ -0.22 (-2.22%)
GGL 10.42 Decreased By ▼ -0.14 (-1.33%)
HBL 113.00 Decreased By ▼ -0.89 (-0.78%)
HUBC 136.20 Increased By ▲ 0.36 (0.27%)
HUMNL 11.90 No Change ▼ 0.00 (0%)
KEL 4.71 Decreased By ▼ -0.13 (-2.69%)
KOSM 4.44 Decreased By ▼ -0.09 (-1.99%)
MLCF 37.65 Decreased By ▼ -0.62 (-1.62%)
OGDC 136.20 Increased By ▲ 1.35 (1%)
PAEL 25.10 Decreased By ▼ -1.25 (-4.74%)
PIAA 19.24 Decreased By ▼ -1.56 (-7.5%)
PIBTL 6.71 Increased By ▲ 0.03 (0.45%)
PPL 122.10 Decreased By ▼ -0.90 (-0.73%)
PRL 26.65 Decreased By ▼ -0.04 (-0.15%)
PTC 13.93 Decreased By ▼ -0.40 (-2.79%)
SEARL 57.22 Decreased By ▼ -1.90 (-3.21%)
SNGP 67.60 Decreased By ▼ -1.90 (-2.73%)
SSGC 10.25 Decreased By ▼ -0.08 (-0.77%)
TELE 8.40 Decreased By ▼ -0.10 (-1.18%)
TPLP 11.13 Decreased By ▼ -0.10 (-0.89%)
TRG 62.81 Decreased By ▼ -2.04 (-3.15%)
UNITY 26.50 Increased By ▲ 0.25 (0.95%)
WTL 1.35 Increased By ▲ 0.01 (0.75%)
BR100 7,810 Decreased By -40.3 (-0.51%)
BR30 25,150 Decreased By -186.4 (-0.74%)
KSE100 74,957 Decreased By -250.1 (-0.33%)
KSE30 24,083 Decreased By -59.5 (-0.25%)

BEIRUT: The international community will not show up for Lebanon if political paralysis continues to hamper the implementation of desperately needed reforms, UN Secretary-General Antonio Guterres said on Tuesday.

“The international community will probably not — independently of support that has already been provided — respond the way it needs to respond if they see the country is paralysed,” Guterres told a press conference at the end of a three-day visit to the crisis-hit country.

“We need the support of the international community to be much larger than it is today and the Lebanese people deserve it but there is homework that needs to be done in Lebanon,” he said, referring to reforms.

Lebanon is grappling with an unprecedented economic crisis branded by the World Bank as one the planet’s worst in modern times.

More than 80 percent of the population lives in poverty and the local currency has lost more than 90 percent of its value on the black market.

However, international donors have only funded 11 percent of the $383 million UN response plan for the country, Guterres said.

He urged Lebanese leaders to take steps to revive confidence, including by restarting talks with the International Monetary Fund.

“It is so important to restart negotiations with (the) IMF and to reestablish a credible plan for economic recovery... to mobilise the support of (the) international community but that requires political will,” he said.

Political squabbling has repeatedly hampered financial recovery efforts, including talks with the IMF which were launched last year but soon hit a wall.

A new government, formed in September with the aim of carving a path out of the crisis, has failed to meet since October due to divisions over the fate of a probe into last year’s monster port blast.

Comments

Comments are closed.