Lebanese Prime Minister Nawaf Salam outlined the severe economic challenges facing Lebanon, emphasizing ongoing reform efforts and preparations for upcoming parliamentary elections. 

Speaking during a visit to the Economic and Social Council in Beirut, Salam said Lebanon has endured multiple overlapping crises, with the Lebanese pound losing more than 92 percent of its value, a shrinking economy, and the devastating impact of the Beirut port explosion. He noted that poverty rate has risen by 33 percent.

“In line with the Taif Agreement, the government remains committed to asserting its authority over all Lebanese territory to consolidate weapons control, reduce smuggling, and enhance airport security,” Salam said. He added that “a clear decision has been made to reconnect Lebanon with the international community,” citing President Joseph Aoun’s recent regional visits.

Salam stressed that “rescue can only come through real reform that builds a genuine state,” noting efforts to intensify pressure to implement UN Security Council Resolution 1701. 

He described public institution reform as “a fundamental pillar for national recovery,” with ongoing efforts to gradually modernize the public administration and launch a reform process aimed at building an effective civil service to restore trust between citizens and the state.

On economic matters, Salam said negotiations with the International Monetary Fund (IMF) are progressing responsibly and realistically, with the government aiming to sign an agreement during its tenure. He also announced plans for an investment conference scheduled for the coming fall.

“We are preparing to hold parliamentary elections,” Salam said, underscoring the government’s commitment to democracy as a key driver of reform.

“There can be no investment or services without financial and economic stability,” he said.

Highlighting post-war reconstruction, Salam said the process cannot be completed without the involvement of Lebanon’s Arab partners.