News Analysis: Lebanon should adopt effective aid mechanism before lifting subsidies: economists

BEIRUT, Oct. 8 (Xinhua) -- Lebanese economists have been urging authorities to adopt an effective aid mechanism for citizens before starting to lift subsidies on fuel, wheat, medicines and food products from the end of October, citing severe economic and financial trouble in the country.

Banque Du Liban, the central bank of Lebanon, is expected to gradually remove years of subsidies on these items starting the end of October, which cost a total of 700 million U.S. dollars a month.