World bank cautiously optimistic about Lebanon reforms - MENA VP

FILE PHOTO: Ferid Belhaj, World Bank vice-president for the Middle East and North Africa, speaks during an interview with Reuters at Africa 2018 Forum at the Red Sea resort of Sharm el-Sheikh, Egypt December 8, 2018. REUTERS/Amr Abdallah Dalsh - Copyright AMR ABDALLAH DALSH(Reuters)

By Reuters

Published on 28/06/2019 - 14:04•Updated 10/05/2024 - 11:26

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BEIRUT (Reuters) - Lebanon has taken a sound path with reforms in its 2019 draft budget and its power sector but it cannot stop here, World Bank MENA vice president Ferid Belhaj said on Friday.

"In general ... we are optimistic, but at the same time our optimisim is cautious because of the economic situation in the region," Belhaj was cited as saying in a statement from Lebanese Prime Minister Saad al-Hariri's office after the two met in Beirut.

(Reporting by Ellen Francis; Editing by Catherine Evans)

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