UN official: Lebanon may turn into 'failing state' if government fails to implement reform

UN official: Lebanon may turn into 'failing state' if government fails to implement reform
November 12, 2021, 1:14 pm

Lebanon-Flag of Lebanon/Pixabay

The Xinhua reported that a senior UN official on Friday warned that Lebanon may be turned into a "failing state" if the government does not succeed in implementing quick and serious reform measures amid the current unprecedented financial crisis.

"The prime minister should exercise his authority and move the country forward. There is no time to waste," said Olivier De Schutter, UN Special Rapporteur on extreme poverty and human rights, during a press conference held at the end of his mission in the capital Beirut.

He also noted that with a highly regressive tax system, Lebanon is "among the most unequal countries on the planet whereby 10 percent of the wealthiest people earn 70 percent of the total wealth."

De Schutter pointed out that Lebanon is facing four main crises, including the presence of a big number of Syrian refugees, the devaluation of the Lebanese pound amid the rising inflation, the COVID-19 outbreak which increased school drop-out among Lebanese students, and the impact of the Beirut port blasts which left thousands of people homeless and hundreds of thousands others jobless.

De Schutter added: "Behind all of these crises, there is a crisis of trust."

De Schutter emphasized the need for the political system to recover its integrity, especially when it comes to the banking sector responsible for the downfall of the Lebanese pound and the impoverishment of people.

He noted that one of the inconveniences facing the banking sector is the fact that 18 out of 20 banks have major shareholders linked to the political elites.

He said: "We need to prevent the conflict of interests between the business sector and politicians, otherwise Lebanon will become a state that is captured by economic interests."

Source: xinhua

15 people injured as bomb exploded in mosque in Afghanistan's Nangarhar province Johnson and Johnson says it is planning to split into two companies