Cyprus FM calls on Lebanon to implement quick reforms
The foreign minister of the Mediterranean island of Cyprus called on the Lebanese government Wednesday to implement reforms quickly in order for the international community to unlock aid for Lebanon that is witnessing one of the worst economic crises in the world in decades.
Mikati had vowed after winning the vote of confidence to work for quick reforms in the small nation notorious for corruption that brought Lebanon to the verge of bankruptcy.
Lebanon's economic and financial crisis that started two years ago was described by the World Bank as one of the worst the world has witnessed since the mid 1850s.
"I do realize that Lebanon stands at a very critical crossroads and the new government has to face substantial challenges," Christodoulides told reporters after meeting his Lebanese counterpart Abdallah Bou Habib in Beirut.
"It is paramount that the necessary actions and reforms be taken swiftly, in order for the international community to be able to unlock the aid it has pledged to Lebanon in the past," Christodoulides said.
Lebanon resumed contacts with the International Monetary Fund in recent days and hopes to resume talks over a bailout package with the international institution over the coming weeks.
The talks have been suspended since last year.