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World Bank warns Lebanon of dangers of political paralysis

By REUTERS

MARCH 25, 2016 22:32

BEIRUT - The head of the World Bank expressed frustration at Lebanon's political paralysis on Friday during a joint visit with the UN Secretary-General, warning that good governance now was essential to prevent future conflict.

Hampered by sectarian tensions, Lebanon has not passed a budget since 2005 and has been without a president for almost two years, preventing vital legislation from being passed.

"A country with no clear priorities and no governance is in trouble and they need to move as quickly as possible," World Bank President Jim Yong Kim said, urging more decisive policy-making to stop the chaos in Syria, now in its sixth year, spreading into Lebanon.

Lebanon, which is hosting just over 1 million registered refugees from the conflict in neighboring Syria, has poor infrastructure and public services.

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