No 'magic wand' to fix Lebanon crisis, new prime minister says

Lebanon's President Michel Aoun meets with Lebanese Prime Minister Najib Mikati and Lebanese Speaker of the Parliament Nabih Berri at the presidential palace in Baabda, Lebanon September 13, 2021. Dalati Nohra/Handout via REUTERS

BEIRUT (Reuters) - Lebanon's new Prime Minister Najib Mikati, who took office last week promising to revive IMF talks to unlock aid, said on Monday there was no time to lose and no easy path to tackle one of history's worst economic meltdowns.

The new government, formed after more than a year of political stalemate, finally met for the first time on Monday, replacing a caretaker administration that had quit following last year's huge explosion in Beirut.