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Home / World / The sources said the Lebanese government would resign on Monday following the Beirut blast

The sources said the Lebanese government would resign on Monday following the Beirut blast



A senior source for the minister told CNN he believes the government will be downgraded to caregiver status by Monday night. Three cabinet ministers have resigned, along with seven members of parliament.

Lebanon has suffered its worst economic crisis in decades, along with rising coronaviruses, and the government has been plagued by allegations of corruption and mismanagement.

Tuesday’s blast, which damaged or destroyed much of the Lebanese capital and involved a long neglected potentially explosive chemical storage, was the last straw for many Beirut residents. .

Prime Minister Hassan Diab, a self-proclaimed reformer, came to power last December, two months after a popular uprising overthrew the previous government. Diab̵
7;s government is made up of technocrats and is backed by major political parties, including the Iranian-backed militant and political group Hezbollah.

Now, the country will be tasked with finding a third prime minister in less than a year to deal with the spiral crises that Lebanon faces on several fronts.

Hassan Diab, image December 2019.
Demonstrators gather at a rally in Beirut on Saturday.

The Lebanese currency has lost 70% of its value since anti-government protests began in October. Poverty has soared, the World Bank forecast that more than half of the country’s population will to become poor by 2020.

The government is also seen as powerless in the face of the growing banking crisis. The state did not pass the capital control law, exacerbating the country’s serious liquidity crisis. Most people in the country have had strict and arbitrary cash withdrawal limits for nearly a year. Meanwhile, billions of US dollars are said to have withdrawn from Lebanon by the country’s economic elite, further depleting foreign currency reserves.

Lebanon’s financial crisis was exacerbated earlier this year due to government-imposed shutdowns, designed to stop the spread of the coronavirus pandemic but also ailing the land’s economy. the water has to stop.

Diabetes ministers repeatedly accused the ruling class of breaking their reform plan. The country’s politicians affiliated with the country’s banking elite have triggered the government’s endorsed IMF economic program, which is expected to delve into bank profits.

The protests over the weekend were among the largest and most violent the city has ever witnessed in nearly a year. The city boiled with anger as protesters occupied several government departments and threw stones and shards of glass at security forces. Police fired hundreds of tear gas bullets as well as rubber bullets and, in some cases, real bullets.

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