Middle East Online

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Domino effect: Lebanon’s finance minister ready to resign

Lebanon’s Finance Minister Ghazi Wazni, a key negotiator with the IMF over a rescue plan to help Lebanon exit a financial crisis, has prepared his resignation letter and brought it with him to a cabinet meeting, a source close to him and local media said.

Earlier local broadcasters MTV and Al Jadeed had said that Wazni had resigned. Al Jadeed then said the minister had arrived for a cabinet meeting with this resignation letter in hand.

Justice Minister Marie-Claude Najm on Monday handed in her resignation, the third Cabinet minister to resign over the blast. She felt the brunt of protesters’ anger when she tried to visit a damaged neighborhood and was met by shouted insults, sprayed by water hoses and forced to leave.

If a total seven ministers of the 20 Cabinet ministers resign, a new government must be formed. At least nine members of parliament have also resigned.

On Sunday, world leaders and international organizations pledged nearly $300 million in emergency humanitarian aid to Beirut in the wake of the explosion, but warned that no money for rebuilding the capital would be made available until Lebanese authorities commit themselves to the political and economic reforms demanded by the people. Source