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Lebanon and Italy sign memo on public administration

03 May 2010 20:27 (UTC +04:00)

Baku-APA. Lebanon and Italy signed Monday an understanding memo aimed at enhancing capacities of public administration staff in Lebanon, APA reports quoting Xinhua News Agency.

"Putting an end for squandering money is one of the major factors to help restore balance to Lebanon’s general budget," said Lebanese Minister of Finance Rayya Hassan during a meeting with the Italian ambassador to Lebanon Gabriel Checchia.

During the meeting, Hassan and Checchia signed a memorandum of understanding that aims to establish a framework of joint cooperation to effectively participate in the implementation of a project that enhances the capacities of public administration staff in Lebanon.

Checchia described the memo is a promising opportunity to produce a good climate within the Lebanese government, stressing that Italy is always ready to assist the objectives identified by the Lebanese government in its ministerial statement.

"Signing the memorandum is a promising opportunity to produce a constructive atmosphere that would enhance the confidence of donors in the Lebanese government," said Hassan.

Last week, a governmental source told local a-Mustaqbal news site that a Lebanese governmental team is engaged in studying thoroughly the possibilities for engaging the private sector in public investments and administrations.

Though the national debts reached 51.5 billion U.S. dollars in the first quarter of 2010 according to official numbers, the country with limited industries and 14 million more expatriates is experiencing the most peaceful period on the economical level after the war with Israel in 2006.