Next Lebanon government to face $30 billion reform test


  • World
  • Wednesday, 12 Aug 2020

FILE PHOTO: People look at the damaged port area, following a massive explosion, in Beirut, Lebanon, August 12, 2020. REUTERS/Alkis Konstantinidis/File Photo

LONDON/BEIRUT (Reuters) - Lebanon may be in line for $298 million in emergency aid after the Beirut port blast, but the more than $30 billion (23 billion pounds) that some estimate it may need to rebuild its shattered economy will not be forthcoming without reform.

Such change could be stalled by the resignation of Lebanon's government, while a financial rescue plan drawn up in April is likely to have to be reviewed and possibly even ditched by a new administration, two financial sources close to the plan said.

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