Lebanese President Joseph Aoun’s visit to Saudi Arabia marks a hopeful step towards Lebanon’s economic recovery and political stability amidst ongoing crises. With 22 agreements signed, there is optimism for increased cooperation and investment. However, experts warn that immediate relief is not anticipated without essential reforms and leadership commitment to overcoming internal challenges.
Lebanese President Joseph Aoun’s inaugural official visit to Saudi Arabia has reignited optimism regarding Lebanon’s economic recovery and political stabilization amidst an ongoing financial crisis and governance challenges. This trip demonstrates an effort to strengthen relations with Saudi Arabia, a vital regional ally, and is aimed at attracting much-needed investment and diplomatic assistance.
Both nations reaffirmed their commitment to mutual cooperation and reform, with many viewing this visit as a significant step towards Lebanon’s long-awaited recovery. The Lebanese Executives Council, an organization fostering professional ties, praised the visit as essential for restoring relations between the two countries.
Rabih El-Amine, the council’s chairman, commented, “This visit stands out as exceptional. Lebanon has a remarkable opportunity to reshape its relations with Arab nations, with Saudi Arabia as the essential gateway.” He further noted, “Given Saudi Arabia’s crucial influence both regionally and globally, along with its vibrant economic changes under Vision 2030, this moment marks a pivotal turning point for Lebanon.”
During the visit, President Aoun convened discussions that resulted in 22 agreements concerning various sectors, including trade, agriculture, transport, finance, education, and cultural exchange. According to El-Amine, these agreements encompass cooperation across numerous areas such as exhibitions, banking, defense, and counter-terrorism.
El-Amine emphasized that although Saudi banks might aid in stabilizing Lebanon’s financial system, effective reforms by Lebanon would be crucial to garner support. He stated, “Saudi support might take the form of financial assistance, investment, and regional coordination. However, Lebanon’s capability to execute credible economic reforms remains a crucial factor.”
Despite the positive assessment of the visit, El-Amine advised that immediate economic relief is unlikely. He cautioned, “This visit will likely be a strategic step toward rebuilding Saudi-Lebanese ties rather than yielding immediate economic relief.” He underscored the importance of reform, negotiations with the International Monetary Fund, and restoring investor confidence.
Additionally, discussions underscored the necessity for Lebanon to regain control over its political and security framework, emphasizing the significance of consolidating arms within state authority and affirming the Lebanese army’s stabilizing role.
While the visit fosters optimism, El-Amine pointed out the potential challenges posed by Lebanon’s internal issues that might impede progress. He remarked, “The primary concern is whether Lebanon’s political and economic system can genuinely carry out the reforms and commitments necessary to convert diplomatic goodwill into tangible progress.”
Key impediments include political stalemate, sectarian divisions, insufficient institutional reforms, and ongoing financial instability. El-Amine concluded that while the visit could enhance diplomatic channels and collaboration prospects, Lebanon’s leadership must implement substantial reforms to achieve stability.
Ultimately, the visit reinforced the historical ties between Beirut and Riyadh, with both parties expressing their commitment to regional cooperation. Following his engagement in Saudi Arabia, President Aoun and his delegation proceeded to Cairo for an extraordinary Arab summit, underlining the significance of his presidency amid Lebanon’s persistent economic crisis and the aftermath of recent conflicts.
In summary, President Joseph Aoun’s visit to Saudi Arabia has revitalized hopes for Lebanon’s economic recovery and political stability. It facilitated discussions leading to key agreements, though immediate relief seems unlikely without significant reforms. The visit reinforced bilateral ties, emphasizing the importance of Saudi support in the context of Lebanon’s recovery efforts. Long-term success will rely on Lebanon’s ability to address internal challenges and implement necessary reforms.
Original Source: www.arabnews.com
