Lebanese government to meet tomorrow to end weeks of political paralysis

BEIRUT (Reuters) – The Lebanese government will meet on Saturday morning to end weeks of political paralysis after a reconciliation between politicians, Prime Minister Saad Hariri said on Friday.

The official NNA news agency announced that the meeting on franchising and reconciliation had been held at Baabda Palace. It included President Michel Aoun, Speaker Nabih Berri, Prime Minister Saad Hariri, Progressive Party Chairman Walid Jumblatt and MP Talal Arslan.

Hariri said, "A franchise and reconciliation meeting is being held at Baabda Palace." She condemned the unfortunate incident that caused two casualties and several wounded, who are now under the jurisdiction of the judiciary. who is investigating his situation. "

Hariri also read the minutes of Baabda's financial meeting, in which he said: "It has been agreed a number of fundamental steps that we will work to implement in the next phase and that will contribute to reviving the economy and strengthening the state of public finances. "

Hariri called on the Council of Ministers to meet tomorrow at 11 am at Baabda Palace.

Lebanese government bonds denominated in dollars rose Friday after the announcement of a meeting of the country's leaders with the aim of making a breakthrough in the political crisis that paralyzed the government.

The issue of 2030 rose more than 1 cent in dollar to reach the highest price in a week, while the issue of 2032 also increased by more than a cent, according to the Tradeweb data.

Senior officials said Thursday's meeting paved the way for the council of ministers to meet for the first time since a gunshot incident on June 30.

The absence of political dialogue has complicated efforts to advance the reforms needed to avert a financial crisis.