Billionaire Najib Makiti became Lebanon's prime minister today amid an economic crisis by lisettevoytko
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Mikati’s nomination for prime minister reportedly came from the Shi’ite-Islamist group Hezbollah—designated by the U.S. as a terrorist group—and was supported by the majority of the Lebanese parliament’s voting blocs. Prior to Monday, two other politicians served as temporary prime ministers after Lebanon’s government resigned en masse following a deadly August 2019 explosion in Beirut. They had vowed to be caretakers until the next government was formed.
Mikati, 65, faces an uphill battle to get the country back in functioning order. The Beirut explosion killed 200 people and resulted in mass destruction and, in the weeks and months that followed, precipitated the country’s financial meltdown as its currency, the Lebanese pound, was sharply devalued. The savings of millions of Lebanese citizens were obliterated as a result, while fuel shortages exacerbated daily life as the pandemic took hold and jobs dried up.
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