Friday, October 5, 2007
US aid in Lebanon
"The aid is ostensibly earmarked for post-war reconstruction, declared Washington. But the release of the funds is conditional on the the Siniora government successfully implementing a bundle of economic "reforms." Indeed, even before Congress approved the aid package, Siniora declared his government's intention to cut social security programs, privatize the electricity and telecommunications sectors, increase value added tax by two percent, and implement other measures he claimed were aimed to reduce Lebanon's $40 billion national debt. Siniora's effort to push through these measures however were met with strong popular resistance inside Lebanon that led him to reconsider the timing and strategy of implementing the "reforms.""