BEIRUT: Lebanon’s prime minister-designate vowed Tuesday to work on building a modern state in the crisis-hit country, saying his priorities will be to rebuild the destruction caused by a yearlong war with Israel and work on pulling the small nation out of its historic economic meltdown.
Nawaf Salam spoke after meeting with Lebanon’s new President Joseph Aoun, who himself took office last week. With the nomination of Salam and confirmation of Aoun, Lebanon, which has been run by a caretaker administration, now has a new government in waiting for the first time in two years.
After the meeting, Salam said he will not marginalize any side in Lebanon, an apparent reference to the Hezbollah militant group, which in past years opposed his appointment as prime minister and this year indicated its preference for another candidate.
Hezbollah has been weakened by its 14-month war with Israel, which ended in late November when a US-brokered 60-day ceasefire went into effect. The war left 4,000 people dead and more than 16,000 wounded and caused destruction totaling hundreds of millions of dollars.
Salam, who is currently the head of the International Court of Justice, said that he will work on spreading the state’s authority on all parts of the country. On Monday he won the support of a majority of legislators, after which Aoun formally asked him to form a new government.
Over the past years, Hezbollah and its allies have blocked Salam from becoming prime minister, casting him as a US-backed candidate.
“The time has come to say, enough. Now is the time to start a new chapter,” Salam said adding that people in Lebanon have suffered badly because of “the latest brutal Israeli aggression on Lebanon and because of the worst economic crisis and financial policies that made the Lebanese poor.”
Decades of corruption and political paralysis have left Lebanon’s banks barely functional, while electricity services are almost entirely in the hands of private diesel-run generator owners and fuel suppliers. In 2020, the COVID-19 pandemic further battered the economy, and the Beirut port explosion, one of the largest non-nuclear blasts ever recorded, badly damaged several neighborhoods in the heart of the capital.
Salam vowed to fully implement the UN Security Council resolution related to the Israel-Hezbollah war which states that Israel should withdraw its troops from southern Lebanon and Hezbollah should not have an armed presence close to the border with Israel.
The premier added that he will work on spreading state authority on all parts of Lebanon through “its forces.”
Salam said he will work on putting a program to build a modern economy that would help the country of 6 million people, including 1 million Syrian refugees, out of its economic crisis that exploded into protests in October 2019.
Since the economic crisis began, successive governments have done little to implement reforms demanded by the international community that would lead to the release of billions of dollars of investments and loans by foreign donors.
“Both my hands are extended to all of you so that we all move forward in the mission of salvation, reforms and reconstruction,” Salam said.
Neither Salam nor Aoun, an army commander who was elected president last week, is considered part of the political class the ruled the country after the end of the 1975-90 civil war.
After economic meltdown and war with Israel, Lebanon’s new prime minister vows to rebuild
https://arab.news/wa5b7
After economic meltdown and war with Israel, Lebanon’s new prime minister vows to rebuild
- After the meeting, Salam said he will not marginalize any side in Lebanon, an apparent reference to the Hezbollah militant group
- He said that he will work on spreading the state’s authority on all parts of the country
IMF approves reviews, unlocks $240m in funding for Jordan
- The decision allows Jordan to draw about $130 million under the EFF and about $110 million under the RSF
AMMAN: The International Monetary Fund’s executive board has completed the fourth review of Jordan’s Extended Fund Facility and the first review under the Resilience and Sustainability Facility, unlocking immediate access to about $240 million to support the Kingdom’s economic program.
The decision allows Jordan to draw about $130 million under the EFF and about $110 million under the RSF, bringing total disbursements under the IMF arrangement to about $733 million.
In a statement issued on Saturday, the IMF said Jordan’s economy “remains resilient,” supported by sound macroeconomic policies and strong international backing.
Growth accelerated to 2.7 percent in the first half of 2025 and is expected to reach about 3 percent in the coming years, driven by major investment projects, deeper regional integration and continued structural reforms.
Inflation remains anchored at about 2 percent, while the current account deficit is projected to narrow to below 5 percent of GDP over the medium term. The IMF also noted that Jordan’s banking sector is stable and international reserves remain strong.
Fiscal performance continues to align with program targets, underpinned by robust revenue collection and disciplined current spending. The authorities remain committed to reducing public debt to 80 percent of GDP by 2028 through gradual fiscal consolidation, while protecting social and development spending and reducing losses at public utilities.
The IMF said progress under the RSF is ongoing, with reforms addressing vulnerabilities in the water and electricity sectors and strengthening health emergency preparedness. All reform measures scheduled for the current review have been completed.
Commenting after the board discussion, IMF Deputy Managing Director Kenji Okamura said Jordan’s continued macroeconomic stability amid persistent external headwinds reflects the authorities’ commitment to sound policies, supported by strong international assistance.
He said growth continues to recover, inflation remains low and reserve buffers are strong, stressing the importance of maintaining prudent fiscal and monetary policies amid regional tensions and global uncertainty.
Okamura added that accelerated structural reforms are essential to foster job-rich growth, improve the business environment, enhance labour market flexibility, tackle youth unemployment and low female labour force participation, and attract private investment.
He also underlined the importance of sustained donor support to help Jordan manage external challenges and the economic cost of hosting large numbers of refugees, while noting that progress under the RSF would help address long-term vulnerabilities and strengthen balance-of-payments stability.











