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Lebanese billionaire Mikati appointed PM

July 27, 2021
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Lebanese billionaire Mikati appointed PM
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Lebanon’s new prime minister designate, Najib Mikati, has secured enough votes to form a government and implement a French-devised plan aimed at saving the country from its financial crisis after months of political deadlock.
On Monday, businessman Mikati, a two-time former PM, received the support of the Lebanese groups Hezbollah and Amal among others, securing enough votes to form a government following parliamentary consultation.

Mikati, who does not hail from a political bloc, was appointed PM by President Michel Aoun after securing a majority of 72 votes from the 118 members of parliament.

“I don’t have a magic wand and can’t perform miracles… but I have studied the situation for a while and have international guarantees,” Mikati said after the vote.

The new PM has vowed to implement a French plan which involves putting together a government of specialists to push through enough reforms to attract foreign aid and ease the country’s economic plight. Mikati will now need to form a cabinet from the country’s squabbling political factions.

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