Lebanon’s new prime minister says no ‘magic wand’ to fix crisis

Lebanon’s new government holds first meeting as PM warns no time to lose in tackling the country’s economic crisis.

Lebanon’s new government has held its first meeting with a call by the president to resume talks with the International Monetary Fund to help kick-start its recovery from one of the world’s worst economic crises in more than a century. Lebanon’s new Prime Minister Najib Mikati, who took office last week promising to revive IMF talks to unlock aid, said on Monday there was no time to lose and no easy path to tackle one of history’s worst economic meltdowns. The new government, formed after more than a year of political deadlock, replaced a caretaker administration that had quit following last year’s huge explosion in Beirut.