Lebanon’s foreign minister has resigned. Nassif Hitti says he could not continue because of the government’s poor performance.
Lebanon is close to bankruptcy.
And critics say politicians, accused of running the economy into the ground, have shown no willingness to fight corruption to receive a bailout from the International Monetary Fund.
Patrick Mardini, the president of the Lebanese Institute for Market Studies, discusses this latest development.
Lebanon, officially known as the Lebanese Republic, is a country in the Levant region of Western Asia, and the transcontinental region of the Middle East.
The official language, Arabic, is the most common language spoken by the citizens of Lebanon. Its capital is Beirut.
Lebanon was a founding member of the United Nations in 1945 and is a member of the Arab League (1945), the Non-Aligned Movement (1961), Organisation of the Islamic Cooperation (1969), and the Organisation internationale de la francophonie (1973).