Banque du Liban holds meeting with IMF executive director Hezbollah and Amal Movement boycotting Cabinet sessions BEIRUT: Lebanon on Thursday woke to news of one of the bleakest moments brought on by the country’s energy crisis, after the smashed-up body of a female Ethiopian worker was found on Al-Zahrani Highway, which links Beirut to the south. According to a security source, she was killed in a crash during the night but was run over again and again as drivers could not see her body in the dark. People took to the streets for the second day in a row to protest their ever-worsening conditions, especially the uncontrolled rise in fuel prices and its repercussions on everyday life. On Thursday, Banque du Liban said a meeting was held with the executive director at the International Monetary Fund during which the government"s priorities were discussed, especially with regard to a “comprehensive economic project.” The IMF’s Mahmoud Mohieldin described his visit to Lebanon and his meetings with officials as “successful, with a positive outcome, compared to previous visits.” He said: “I saw a better consensus over priorities and a common discourse between the parties regarding the economic crisis and its social effects. The meetings reflect the four priorities that constitute the pillars of future dealings with the IMF, and a framework for the negotiations that the government will carry out with the BDL in the coming weeks. It is important to consider a timeframe.” Mohieldin stressed the importance of unifying the exchange rate which was, he added, usually a product of comprehensive economic reforms that were being initiated. “A law to control remittances from inside and outside the country needs to be adopted, along with structural reforms and emphasis on the issue of governance, transparency and sector-related priorities, determined by the state. “If we succeed in developing a good framework to present to the IMF in the coming weeks, it can then be presented to the IMF’s board of directors, and the form of the program and the financing framework associated with it will thus be determined, in a way that will reinstate confidence in the Lebanese economy and restore financial flows,” he said. But the Cabinet has yet to convene as the ministers of Hezbollah and the Amal Movement are refusing to attend a session until Judge Tarek Bitar, who is leading the investigation into last year’s Beirut Port blast, is dismissed and until the deadly street violence from earlier this month is investigated. The government is also supposed to decide on the ration card for the country’s poorest and most vulnerable, coinciding with the lifting of fuel subsidies. Prime Minister Najib Mikati on Thursday contacted several officials following statements from the Culture Minister Mohammad Mortada, who is affiliated with the Shiite parties Hezbollah and the Amal Movement, about Shiite ministers resigning from the government. Mikati also met President Michel Aoun. According to a ministerial source, their meeting revolved around “finding a formula” that would lead to the resumption of government work “under the pressure of stressful living conditions.” "All parties realize that the uncontrolled rise in prices will implode in the street, and the government bears the responsibility to implement rescue measures and secure the required international assistance,” the source added. Mikati chaired a committee meeting to address the repercussions of the financial crisis on public utilities. The committee discussed existing obligations and an agreement to provide a financial, contractual and legal equation that allowed securing public utility services and the continuation or termination of business in a balanced and fair manner that took into account urgent factors. The majority of contractors that signed with the Lebanese state have stopped their work, including waste removal companies, because the cost was calculated on the official exchange rate of LBP1,507 to the US dollar. But the Lebanese national currency trades at around LBP20,000 to the dollar on the black market. During the meeting, it was decided that the first Cabinet session would announce measures that would respond to the living crisis, specifically raising the daily transport allowance, and approving a monthly advance as social assistance for workers in public institutions, government hospitals and schools, within an integrated project.