After months of political jostling, Lebanese Prime Minister-designate Saad Hariri submitted on Monday to President Michel Aoun a “formula” for a new cabinet. “I delivered this formula to the president...We held discussions and we will continue them and we’ll see,” Hariri said on Monday after meeting Aoun at the Baabda presidential palace. Hariri has been trying to form a government since May, soon after parliamentary elections were held. Foreign donors have warned that a delay in the government formation would aggravate the country’s economic troubles. Lebanon, which is used to lengthy cabinet negotiations, has one of the world’s highest rates of public debt. The last government has continued as a caretaker administration since that election. The IMF wants to see immediate and substantial fiscal adjustment to improve the sustainability of Lebanon’s public debt, which stood at over 150 percent of gross domestic product at the end of 2017. A Paris donors conference in April yielded pledges of billions, conditional on reform. Lebanese politicians have warned of economic crisis.