President Michel Aoun said it's vital the new government led by caretaker Prime Minister Hassan Diab wins back international confidence at a moment Lebanon is on the verge of deft default and currency devaluation. The new leaders will attempt to instill enough faith to unlock crucial external funding, conditioned on badly needed reforms which have thus far remained elusive. 

"Your mission is delicate," Aoun told the cabinet in a statement. "It is necessary to work to tackle the economic situation, restore the confidence of the international community in Lebanese institutions and reassure the Lebanese about their future," Aoun said.