January 15, 2020 / 8:20 AM / 10 days ago

U.N. official: Lebanese politicians watching as economy collapses

BEIRUT, Jan 15 (Reuters) - Lebanese politicians are watching on as the economy collapses, the senior U.N. official in Lebanon said on Wednesday, rebuking a political elite that has failed to form a government as the country sinks deeper into economic and financial crisis.

Jan Kubis, U.N. special coordinator for Lebanon, also noted that central bank (BDL) governor Riad Salameh had requested extraordinary powers to manage the economy — an apparent reference to his request for extra authorities to regulate controls being implemented by commercial banks.

“Lebanon is truly unique — the BDL Governor requesting extraordinary powers to at least somehow manage the economy while those responsible watch it collapsing. Incredible,” Kubis wrote in a Twitter post. (Writing by Tom Perry/Ellen Francis; Editing by Catherine Evans)

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