Former top Lebanese finance official: ‘We are becoming the Somalia of a few years ago’

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  • FRANCE 24 English published this video item, entitled “Former top Lebanese finance official: ‘We are becoming the Somalia of a few years ago'” – below is their description.

    Alain Bifani resigned suddenly at the end of June from his position as director general of Lebanon’s finance ministry, a post he had held for 20 years. The former top official had supported an IMF-backed recovery plan for the heavily indebted country, but this was blocked by the political elite. Speaking to FRANCE 24, Bifani says the plan was about “having those who benefited most from the system contribute most”. He says its failure will lead to more “huge inequalities” and warns that Lebanon is “going towards some kind of a Somalia [of] a few years ago”.

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