A man sits by a closed Bank of Beirut branch on Tuesday. Reuters
A man sits by a closed Bank of Beirut branch on Tuesday. Reuters
A man sits by a closed Bank of Beirut branch on Tuesday. Reuters
A man sits by a closed Bank of Beirut branch on Tuesday. Reuters

US, France and Saudi Arabia call on Lebanese politicians to elect unifying president


Adla Massoud
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The US, France and Saudi Arabia on Wednesday called on Lebanese politicians to elect a unifying and internationally co-operative president when current leader Michel Aoun's term expires next month.

Mr Aoun's mandate ends on October 31 but there is no consensus on his successor, presenting the possibility that Lebanon will have no president even as its economy collapses.

“It is critical to elect a president who can unite the Lebanese people and work with regional and international actors to overcome the current crisis,” a statement from the US, France and Saudi Arabia read.

“We call for the formation of a government capable of implementing the structural and economic reforms urgently needed to address Lebanon’s political and economic crises, specifically those reforms needed to reach an agreement with the International Monetary Fund.”

US Secretary of State Antony Blinken, meanwhile, urged timely presidential elections in a meeting with Lebanese Prime Minister, Najib Mikati.

Mr Blinken urged Mr Mikati and other leaders to "implement key reforms needed to effect meaningful change, promote good governance and revive Lebanon’s economy while restoring the trust of its people," the State Department said.

A date for elections has not been set.

Lebanon banks to close in the wake of hold-ups by depositors - in pictures

  • A Lebanese policeman stands guard next to a bank window broken by depositors who had demanded access to their money. An activist group said it will continue to organise bank raids to help people retrieve their trapped savings. AP photo
    A Lebanese policeman stands guard next to a bank window broken by depositors who had demanded access to their money. An activist group said it will continue to organise bank raids to help people retrieve their trapped savings. AP photo
  • A closed Byblos Bank branch, where a man was reportedly detained after allegedly holding up the bank to access his own savings, in Ghazieh, Lebanon. Reuters
    A closed Byblos Bank branch, where a man was reportedly detained after allegedly holding up the bank to access his own savings, in Ghazieh, Lebanon. Reuters
  • A man identified as Abed Soubra inside a Blom Bank branch, in the Tariq Al Jdideh neighbourhood of Beirut. Reuters
    A man identified as Abed Soubra inside a Blom Bank branch, in the Tariq Al Jdideh neighbourhood of Beirut. Reuters
  • Lebanese depositors inside a Blom Bank branch in Beirut. A group of customers, at least one of whom was armed, took hostages in the bank, demanding access to their savings. They were reportedly able to withdraw $20,000 from an account of one of the depositors before they left. EPA
    Lebanese depositors inside a Blom Bank branch in Beirut. A group of customers, at least one of whom was armed, took hostages in the bank, demanding access to their savings. They were reportedly able to withdraw $20,000 from an account of one of the depositors before they left. EPA
  • An armed woman and a dozen activists reportedly broke into a Beirut bank branch to retrieve more than $13,000 from what she said were her trapped savings. Lebanon's cash-strapped banks since 2019 have imposed strict limits on withdrawals of foreign currency, tying up the savings of millions. AP Photo
    An armed woman and a dozen activists reportedly broke into a Beirut bank branch to retrieve more than $13,000 from what she said were her trapped savings. Lebanon's cash-strapped banks since 2019 have imposed strict limits on withdrawals of foreign currency, tying up the savings of millions. AP Photo
  • A woman, identified as Sally Hafez, appears to be carrying a gun at a Blom Bank branch in Beirut, in this screengrab taken from Al Jadeed footage. Reuters
    A woman, identified as Sally Hafez, appears to be carrying a gun at a Blom Bank branch in Beirut, in this screengrab taken from Al Jadeed footage. Reuters
  • A woman is comforted as she is seen through a shattered window of a Blom Bank branch after a hostage-taking incident. Reuters
    A woman is comforted as she is seen through a shattered window of a Blom Bank branch after a hostage-taking incident. Reuters
  • An ATM is covered with diesel fuel, vandalised by angry depositors. AP photo
    An ATM is covered with diesel fuel, vandalised by angry depositors. AP photo
  • Members of the Lebanese security forces stand around a toy gun allegedly used by depositors in a hostage-taking situation, at a Blom Bank branch in Beirut. EPA
    Members of the Lebanese security forces stand around a toy gun allegedly used by depositors in a hostage-taking situation, at a Blom Bank branch in Beirut. EPA
  • People gather near a Blom Bank branch during an hostage-taking situation in Beirut. EPA
    People gather near a Blom Bank branch during an hostage-taking situation in Beirut. EPA

The IMF on Wednesday said the Lebanese government's slowness to implement desperately needed reforms was exacerbating the country's economic meltdown.

The three countries said they were willing to work jointly with Lebanon to support the implementation of these reforms and acknowledged the “critical role” of the Lebanese Armed Forces and the Internal Security Forces.

The Lebanese economy has been in free-fall since late 2019 in an economic collapse described by the World Bank as one of the worst the world has seen since the 1850s.

The crisis is rooted in decades of corruption and mismanagement by the political class that has been running the small nation since the end of the 1975-1990 civil war.

In a speech to the UN General Assembly, Lebanon's Mr Mikati said his country was so stretched partly because of large numbers of refugees from neighbouring Syria.

There should be "additional qualitative assistance provided to the Lebanese state and its different departments and infrastructure", he said.

"The infrastructure is overstretched by the large influx of displaced persons for more than 10 years."

Agencies contributed to this report.

Updated: September 22, 2022, 12:03 AM