World Bank warns of risks if Lebanon fails to undertake reform

BEIRUT, May 30 (Xinhua) -- The World Bank warned on Monday that Lebanon will face significant challenges in running its state institutions and maintaining social peace if the country fails to undertake a comprehensive reform.

"Despite early warnings, Lebanon has lost precious time and numerous opportunities to adopt a path to reform its economic and financial system," World Bank Mashreq Regional Director Saroj Kumar Jha was quoted as saying in a press release by the World Bank.