In light of an unprecedented economic crisis, Lebanon is heading towards a power vacuum. The mandate of the current President of the Republic, Michel Aoun, expires on 31 October. However, Lebanese MPs have failed, for the fourth time in a row, to elect a new head of state.
Since the parliamentary elections held last spring, the Lebanese parliament, divided between Hezbollah and its opponents, has still not been able to reach a majority to elect a new cabinet and a new president.
This failure is particularly worrying for the international community and financial institutions that have conditioned their financial aid to Lebanon to structural economic reforms that the current resigning government cannot impose, due to its lack of prerogatives.
It is worth noting that Lebanon has been experiencing since 2019 one of the worst economic crises in the world since 1850 according to the World Bank, marked by a rise in prices, a historic fall of the national currency, an unprecedented impoverishment of the population, and serious shortages in various products.