Adviser to the Lebanese government: Resolve the ministerial amendments within days


Lebanese government adviser Nadim al-Manla said on Tuesday (October 22nd) that the issue of cabinet reshuffle would be resolved within days.

Al-Manla said, in remarks quoted by the agency "Reuters" that it is expected that the reaction of foreign donors to the reforms, announced by the government "very positive."

He added: "These reforms will send a clear message that the country is dealing with the budget deficit."

The adviser continued in the Government of Lebanon: "Some political groups have proposed a reshuffle, and such a matter will be resolved within days, but it has not yet reached the point of serious debate, and did not come from Prime Minister Saad Hariri."

"Lebanese bondholders will not be affected by reforms, which include reducing debt service," he said.

"Economic growth is expected to be zero percent in 2020," he said.

In a press conference on Monday, Hariri announced the approval of the economic paper, which includes the abolition of the Ministry of Information and the reduction of the salaries of current and former presidents, ministers and deputies by 50 percent.

The economic paper includes banks subscription of treasury bonds worth up to 5 trillion pounds, at an interest rate of half percent, provided that the Central Bank of Lebanon to secure about 4 trillion pounds to reduce the service of public debt.

Lebanon has been witnessing for the past five days widespread and continuous popular protests demanding the resignation of the government, protests against economic policies.

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