Published: 13:35, February 27, 2025
Lebanon's new government wins confidence vote in parliament
By Reuters
Prime Minister Nawaf Salam arrives at the presidential palace to attend the first meeting of Lebanon's new government in Baabda, east of Beirut, on Feb 11, 2025. (PHOTO / AFP)

BEIRUT - Lebanon's new government won a confidence vote in parliament on Wednesday, following a speech by Prime Minister Nawaf Salam promising to push for economic and financial reforms and to start negotiations with the International Monetary Fund (IMF).

Salam's government won the backing of 95 lawmakers in the 128-seat chamber.

On Tuesday, the Lebanese group Hezbollah had given its backing to the government in a speech delivered by senior Hezbollah lawmaker Mohammed Raad.

READ MORE: UN chief welcomes formation of new Lebanese government

Lebanon's political landscape has been turned on its head since Hezbollah, long a dominant player in Lebanese politics, was badly pummeled in last year's conflict with Israel.

Reflecting that shift, the new government's policy statement did not include language used in previous years that was seen as legitimizing a role for Hezbollah in defending Lebanon.

"We will work on removing Lebanon from the grey list and start negotiations with the International Monetary Fund," Salam told parliament before the vote. "We will put depositors at the top of our priorities."

Lebanon has been in deep economic crisis since 2019, when its financial system collapsed under the weight of massive state debts, prompting a sovereign default in 2020 and freezing ordinary depositors out of their savings in the banking system.

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Lebanon formed a new government on February 8, following unusually direct US intervention in the process and in a step intended to bring the country closer to accessing reconstruction funds following the devastating war between Israel and Hezbollah.

Finance Minister Yassine Jaber told Reuters earlier this month that an IMF mission was expected to visit Lebanon in March.

Beirut reached a draft funding deal with IMF in 2022 - contingent on reforms that authorities failed to deliver.