The World Bank on Friday urged Lebanon to form a new Cabinet “within a week” to prevent further degradation and loss of confidence in its economy, warning of grave risks to the country’s stability amid a worsening fiscal and economic crisis. Saroj Kumar Jha, the organization’s regional director, told The Associated Press that the World Bank observed “enormous losses” in recent weeks and said a new government was urgently needed to redress the situation. Prime Minister Saad Hariri resigned his government on Oct. 29 in response to the unprecedented nationwide protests that have swept Lebanon starting in the middle of last month.
