Lebanese Minister of Finance Ali Hassan Khalil has stated that his country is studying ways to manage public debt as part of the public finance reform plan. Lebanon has one of the largest public debt-to-GDP ratios in the world at around 150 percent and has suffered from years of low economic growth.
Hundreds of protesters took to the streets of Lebanon's capital, Beirut, on Sunday to protest against a political stalemate that has prevented the formation of a new government seven months after elections.
Nearly six months after the parliamentary elections in Lebanon, Lebanese officials say that they are set to reach a breakthrough in talks to form the next cabinet. The country has been without a government since May.
In Lebanon, attempts to form a government have been deadlocked since Hezbollah and its allies have secured a cabinet majority. Prime Minister Saad al-Hariri heads into the fall all but powerless to address the economic decline.
Tunisian officials predict that approximately 8 million tourists will spend holidays in Tunisia this year. Of these 8 million tourists, the officials expect at least 2.2-2.7 Algerian tourists this season. The boost in the nation's security has increased the country's tourism earnings by 42%.