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Lebanon pledged to restore its payments to the UN operating budget on Friday after losing the right to vote in the 193-member UN General Assembly, according to the state-owned National News Agency (NNA).
UN Secretary-General Antonio Guterres said in a letter on Thursday that Lebanon was one of six countries to lose voting rights for not meeting the minimum contribution, along with Venezuela, South Sudan, Gabon, Dominica and Equatorial Guinea.
In response to the suspension, Lebanon’s foreign ministry said Friday that the payment process “will take place immediately,” NNA said.
“The Ministry of Foreign Affairs and Immigration would like to clarify that all payment phases of the required amount have been completed,” the ministry said in a statement, according to NNA.
“After the necessary contacts with each Lebanese Prime Minister and Minister of Finance, it has been confirmed that the final payment process will take place immediately in a manner that preserves Lebanon’s rights at the United Nations.”
Under Article 19 of the UN Charter, members with dues equal to or greater than the amount of their contributions for the previous two full years lose their voting rights. The General Assembly also has the power to decide “if the failure to pay is due to conditions beyond the member’s control,” in which case the country does not lose its voting rights.
The minimum payment for the restoration of Lebanon’s franchise is $1,835,303, the Secretary General’s letter said.
For more than three years, Lebanon has seen “the most devastating, multifaceted crisis in its modern history,” as described by the World Bank.
In a report on Lebanon, the International Monetary Fund (IMF) described the situation in the country as “deepest”. Economic crisis Since the end of the Civil War.”
The financial crisis that started in October 2019 was worsened by the impact of the Covid-19 outbreak and Massive explosion at Beirut port in August 2020.
Lebanon’s banks have locked most depositors out of their savings since the economic crisis, leaving much of the population unable to pay for basics and forcing depositors to hold up banks demanding access to their funds.
The Lebanese lira hit a new record low of 50,000 to 1 US dollar on Thursday, currency exchange dealers told Reuters, marking a loss of more than 95% in value since the country’s financial system collapsed in 2019.
About 2 million people in Lebanon, including 1.29 million Lebanese residents and 700,000 Syrian refugees, are currently facing food insecurity, “The situation is expected to worsen in the coming months,” the Food and Agriculture Organization (FAO) and the World Food Program said in a report on Thursday.
Amid the financial crisis, a political stalemate has prevented parliament from electing a president for the country. On Thursday, it failed to do so for the 11th consecutive time. Several members of parliament took positions to pressure other factions to reach a consensus on the vote.
“We insist on the need to elect a President for the Republic… and accordingly we have started this stand inside the Parliament… to voice our need for a President capable of ending the decline of the country!” Najat Saliba, Member of Parliament Participated in Thursday’s location program.
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