Abu Dhabi


New York

Tue, 21 Jan 2020 13:59 GMT

Breaking: UN official: Lebanese Politicians Watching as Economy Collapses


7Dnews London

Wed, 15 Jan 2020 08:39 GMT

Lebanese politicians are watching on as the economy collapses, the senior UN official in Lebanon said on Wednesday, January 15th, rebuking a political elite that has failed to form a government as the country sinks deeper into economic and financial crisis, according to Reuters.

Jan Kubis, UN special coordinator for Lebanon, also noted that central bank (BDL) governor Riad Salameh had requested extraordinary powers to manage the economy -- an apparent reference to his request for extra authorities to regulate controls being implemented by commercial banks. 

"Lebanon is truly unique -- the BDL Governor requesting extraordinary powers to at least somehow manage the economy while those responsible watch it collapsing. Incredible," Kubis wrote in a Twitter post.

Middle East Asia