Lebanese Prime Minister-designate Mustafa Adib has resigned after failing to put together a new government despite weeks of efforts.

The state news agency NNA reported that he was giving up the formation of a new government, Adib Lebanon's President Michel Aoun said at a meeting in the presidential palace.

The Lebanese government under Hassan Diab announced its resignation after the explosion on August 4, which left more than 190 dead and around 6,000 injured.

President Aoun then asked 48-year-old Adib to form a government.

However, despite the severe economic crisis and the consequences of the explosion in the port of Beirut, it did not progress.

Lebanon is in the deepest crisis since the end of the 15-year civil war in 1990. The country is sinking into debt, its banks are paralyzed and the value of the currency is in free fall.

The corona pandemic and the explosion in Beirut have further exacerbated the situation.

The first task of a new government would be to restart the stalled talks with the International Monetary Fund about a rescue package.

Help only against reforms

France wants to give the country urgently needed help, but in return has demanded far-reaching reforms - for example in the fight against corruption.

President Emmanuel Macron tied the aid to the rapid formation of a government and set the Lebanese parties a 15-day deadline on September 1.

It already had to be extended.

Adib, the former ambassador of Lebanon in Berlin, was selected at the end of August to form a new cabinet of experts.

According to a government source, the main reason Adib failed is because of the dispute between rival political groups.

According to media reports, the Shiite Amal movement of Parliament President Nabih Berri insisted on the office of finance minister.

Amal has close contacts with the Shiite Hezbollah.

Lebanon threatens "drive to hell"

Many government posts in Lebanon are assigned according to a proportional system among the various denominations.

Adib wanted to fill key departments with experts and ignore denominations.

In view of the ever-increasing delay in filling ministerial posts, President Aoun recently spoke out in favor of reconsidering the system of proportional representation in the allocation of government posts.

According to Aoun, if a government is not formed soon, Lebanon is threatened with a "journey to hell".

Adib apologized on Saturday for not completing his assigned task.

He hopes his successor will be more successful, Adib said in a televised address.

So far it is unclear who will be tasked with forming a new government.

"The President accepted the resignation and will take the appropriate measures in accordance with the Constitution," it said from the Presidential Palace on Twitter.