'Rock bottom' Lebanon must reform for long-term aid: US | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
May 15, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, MAY 15, 2025
'Rock bottom' Lebanon must reform for long-term aid: US

World+Biz

20 August, 2020, 11:10 am
Last modified: 20 August, 2020, 11:10 am

Related News

  • First white South Africans arrive in US as Trump claims they face discrimination
  • Chief adviser orders listing of SOEs, govt-linked MNCs to revitalise stock market
  • Reform agenda ignored due to politicians' disregard: Tofail Ahmed
  • Is the IMF loan programme still worth it for Bangladesh?
  • Nearing 100, Malaysian ex-PM Mahathir blasts 'old world' Trump

'Rock bottom' Lebanon must reform for long-term aid: US

Western officials have conveyed to Lebanese leaders that Western donors would not bail out Lebanon without fundamental reforms but that message had been largely met with disappointing responses, a U.N. official said earlier this week

20 August, 2020, 11:10 am
A view shows damages at the site of a massive explosion in Beirut's port area, as part of the city's skyline in seen in the background, in Beirut, Lebanon August 12, 2020. Picture taken August 12, 2020. REUTERS/Alkis Konstantinidis
A view shows damages at the site of a massive explosion in Beirut's port area, as part of the city's skyline in seen in the background, in Beirut, Lebanon August 12, 2020. Picture taken August 12, 2020. REUTERS/Alkis Konstantinidis

There is no more foreign money for a Lebanese leadership that enriches itself and spurns the popular will, a top US official said on Wednesday, saying Lebanon had hit "rock bottom" with its Aug. 4 port explosion and must now enact profound reforms.

Undersecretary of State David Hale made the comments a week after visiting Lebanon following the blast that killed more than 172 people, injured 6,000, left 300,000 homeless and destroyed swathes of Beirut here compounding a deep financial crisis.

"They (the Lebanese people) see rulers who use the system in order to enrich themselves and to ignore popular demands," Hale said. "That era is over. There is no more money for that. They are at rock bottom and sooner or later, I believe, that the leadership will appreciate the fact that it is time to change."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"And if not, I am convinced that the public will increase the pressure on them," Hale added in a conference call in which he laid out a long list of needed policy changes, including carrying out fiscal and economic reforms, ending endemic corruption, improving transparency, addressing an inadequate electrical system and carrying out an audit of the central bank.

Western officials have conveyed to Lebanese leaders that Western donors would not bail out Lebanon without fundamental reforms but that message had been largely met with disappointing responses, a U.N. official said earlier this week.

"What happened at the port (is) bad enough, but in many ways it's symptomatic of larger problems in Lebanon," Hale said and added: "We can't fix that from the outside. Lebanese leaders have to demonstrate the political will and the commitment to do that and that was my main message."

Asked about Hezbollah's role in any potential government, Hale said Washington has in the past dealt with Lebanese governments with a Hezbollah component in it and that it would examine the circumstances if that would again be the case.

"Reforms are contrary to the interests of all the status quo leaders and that very much includes Hezbollah, which today is perceived as a big part of the problem," he said.

Hezbollah has faced growing criticism for its perceived failure to deliver on promised reforms since winning a parliamentary majority with its allies in 2018. It is seen as protecting a corrupt political class that has driven Lebanon into the ground here

The government - nominated by Hezbollah and its allies after the previous administration led by Saad al-Hariri, son of the slain PM, was toppled by a civic uprising last October - resigned over the Aug. 4 blast.

Lebanon / reform / USA / rock bottom / Beirut blast

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Jagannath University students and teachers protest at the Kakrail Mosque intersection in Dhaka on 15 May 2025. Photo: Mehedi Hasan/TBS
    JnU students continue sit-in amid DMP ban on rallies, demos in Kakrail
  • Jagannath University students and teachers protest at the Kakrail Mosque intersection in Dhaka on 15 May 2025. Photo: Mehedi Hasan/TBS
    Teachers announce JnU shutdown until demands met
  • Students of Jagannath University protest at Kakrail, Dhaka, on 15 May 2025. Photo: Sadiqe Al Ashfaqe
    Jamaat, JCD urge govt to address JnU students’ demands through discussions

MOST VIEWED

  • Chief Adviser Muhammad Yunus speaking at Chittagong Port on 14 May 2025. Photo: CA Press Wing
    Ctg port must emerge as best with int'l standard facilities for economic growth: CA
  • Shahriar Alam Shammo. Photo: Collected
    3 arrested over JCD leader Shammo killing
  • Up to 20% dearness allowance for govt employees likely from July
    Up to 20% dearness allowance for govt employees likely from July
  • Chief Adviser Muhammad Yunus on a visit to Chattogram on 14 May 2025. Photo: TBS
    CA Yunus begins Chattogram tour with packed engagements
  • Infograph: TBS
    Govt plans to align official land price with market rates
  • Infographics: TBS
    $3.5b loan unlocked with shift to market-based exchange rate

Related News

  • First white South Africans arrive in US as Trump claims they face discrimination
  • Chief adviser orders listing of SOEs, govt-linked MNCs to revitalise stock market
  • Reform agenda ignored due to politicians' disregard: Tofail Ahmed
  • Is the IMF loan programme still worth it for Bangladesh?
  • Nearing 100, Malaysian ex-PM Mahathir blasts 'old world' Trump

Features

Hatitjheel’s water has turned black and emits a foul odour, causing significant public distress. Photo: Syed Zakir Hossain

Blackened waters and foul stench: Why can't Rajuk control Hatirjheel pollution?

2h | Panorama
An old-fashioned telescope, also from an old ship, is displayed at a store at Chattogram’s Madam Bibir Hat area. PHOTO: TBS

NO SCRAP LEFT BEHIND: How Bhatiari’s ship graveyard still furnishes homes across Bangladesh

1d | Panorama
Sketch: TBS

‘National University is now focusing on technical and language education’

2d | Pursuit
Illustration: TBS

How to crack the code to get into multinational companies

2d | Pursuit

More Videos from TBS

Ben Cohen arrested for protesting US support for Israel

Ben Cohen arrested for protesting US support for Israel

6m | TBS News Updates
What is the secret behind the success of Pakistan's Chinese J-10C fighter jet?

What is the secret behind the success of Pakistan's Chinese J-10C fighter jet?

31m | Others
Why are Jagannath University students and teachers on a blockade?

Why are Jagannath University students and teachers on a blockade?

1h | Podcast
Is Real ID USA security or immigration confusion?

Is Real ID USA security or immigration confusion?

1h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net