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Lebanon's Prime Minister Saad al-Hariri has agreed a package of reforms with governmentpartners to ease an economic crisis that has sparked nationwide protests, official sources told Reuters, with a cabinet meeting expected on Monday to approve them.
Hariri, who is leading a coalition government mired by sectarian and political rivalries, gave his feuding government
partners a 72-hour deadline on Friday to agree reforms that could ward off crisis, hinting he may otherwise resign.
The decisions call for a 50% reduction in the salaries of current and former officials and $3.3 billion in contributions
from banks to achieve a "near zero deficit" for the 2020 budget.
It also includes a plan to privatise its telecommunications sector and an overhaul to its crippled electricity sector, a
crucial demand among potential foreign donors and investors needed to unlock some $11 billion in funds to Lebanon.
The sources said the budget would not incluRead More – Source