Lebanon Gets New Government After 13 Months as It Faces Economic Crisis

BEIRUT—Lebanon’s political factions agreed Friday on a new government led by former Prime Minister Najib Mikati, ending a more than yearlong deadlock as the country struggles with an economic collapse that has pushed millions into poverty.

President Michel Aoun and Mr. Mikati signed a decree leading to the formation of a new cabinet, according to the state-run National News Agency. Mr. Mikati, a billionaire businessman, was nominated as prime minister in July after two previous attempts were abandoned. Lebanon has been run by a caretaker government with little power since shortly after the deadly Beirut explosion in August last year.

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