BEIRUT (Reuters) - Most Lebanese subsidies are covered until June but fuel for electricity generation will run out by the end of March and efforts are being made to keep it going, Caretaker Prime Minister Hassan Diab said on Tuesday.
Diab’s government has been serving in a caretaker capacity since it resigned after the Aug. 4 Beirut port blast that destroyed large parts of the capital and killed 200 people.
“Right now the fuel for the electricity company can last until end-March, but we are making efforts to secure new credit lines to cover needs,” Diab told Reuters.
Lebanon is in the throes of a financial crisis that is posing the biggest threat to its stability since the 1975-1990 civil war.
As dollar inflows dried up, the central...
