Najib Mikati, chosen Thursday to remain as Lebanese prime minister, faces the difficult task of forming a new government and slowing the country’s collapse until the election of a new president in October, analysts said.
Lebanon has been holding talks with the IMF, but only in April reached a staff-level agreement on an economic reform plan that could unlock around $3 billion of funding over several years. However, the program is contingent on Lebanon undertaking several critical reforms and on IMF management and executive board approval.
