BEIRUT - France’s president is satisfied with Lebanon’s progress on starting an infrastructure investment program, the Lebanese Prime Minister’s office said on Friday, a day after a French envoy criticized the speed at which Lebanon is reforming its economy.
With one of the world’s highest debt burdens, low growth and crumbling infrastructure, Lebanon’s economy is struggling and authorities are seeking to implement reforms to ward off a crisis. Duquesne himself said that the donors’ funding offers still stand, but stressed that Lebanese authorities need to speed up reforms, pass a state budget for 2020 this year and decide which of the 250 infrastructure projects will take priority.
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