Investing.com -- Lebanon's newly formed government plans to negotiate a new program with the International Monetary Fund (IMF). This comes as part of the country's efforts to address its financial default and public debt, as stated in a policy document approved by the cabinet earlier this week.

The policy document also outlines the government's intent to revive the economy through a restructuring of the banking sector. This move is seen as pivotal for Lebanon's economic recovery.

Notably, the policy statement indicates a shift in power balance. Unlike previous statements, it did not include language legitimizing Hezbollah's role in defending Lebanon. Instead, the statement expressed the government's desire for a state that controls decisions about war and peace.

The government also aims to adopt a national security strategy and a foreign policy that strives to keep Lebanon neutral in conflicts. This is seen as a significant step towards ensuring the country's stability.

In terms of energy, the government plans to restart work in oil and gas exploration. This initiative is expected to boost the country's energy sector and contribute to economic growth.

In addition, the cabinet statement revealed plans to establish a Ministry of Technology and Artificial Intelligence. This move suggests a focus on technological advancement as a key part of Lebanon's future development strategy.

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