Lebanon plans economic reforms to get foreign aid

January 2, 2007 17:49


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Lebanon is planning much-needed sweeping economic reforms as part of its bid to attract foreign financial assistance. Lebanese Prime Minister Fuad Saniora outlined the main points of the program to journalists Tuesday, explaining that his Cabinet will discuss and endorse the plan ahead of submitting it to a meeting of international donors in Paris January 25. "This may be the last chance for Lebanon and a gateway for rescuing the country from total collapse," Saniora said, urging his opponents to support the government's efforts to revive the economy. The embattled premier was surrounded by several Cabinet ministers as he spoke at his office, which has been surrounded by a security cordon to keep at bay sit-in protesters who have been demanding his resignation since December 1.

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