Lebanon slid deeper into crisis on Wednesday when Hezbollah and its allies thwarted a bid by their rivals to elect a top IMF official as president.

The failure by the parliament to vote sharpened sectarian tensions and underlined the dim hopes for reviving the crumbling state.

Four years since Lebanon slid into a financial meltdown that marks its worst crisis since the 1975-90 civil war, parliament failed for a 12th time to elect someone to fill the post reserved for a Maronite Christian under the country's sectarian system.

Lawmakers from the Iran-backed armed Shi'ite group Hezbollah and allies withdrew from the session to obstruct a bid by the main Christian parties to elect IMF official Jihad Azour.

The standoff has opened up a sectarian faultline, with one of Hezbollah's main Christian allies - Gebran Bassil - lining up behind the bid to elect Azour, alongside anti-Hezbollah Christian factions.

Azour, the IMF's Middle East Director and an ex-finance minister, won the support of 59 of parliament's 128 lawmakers in an initial vote, short of the two-thirds needed to win in the first round. Suleiman Frangieh, backed by Hezbollah and its allies, got 51 votes.

Hezbollah and its allies then withdrew, denying the two-thirds quorum required for a second round of voting in which a candidate can win with the support of 65 lawmakers.

It leaves Lebanon with no immediate prospect of filling the presidency, which has been vacant since the term of the Hezbollah-allied President Michel Aoun ended in October.

Hezbollah, which is designated as a terrorist group by the United States, has unleashed fierce rhetoric in their campaign against Azour, describing him as a candidate of confrontation.

Azour, 57, has said he wants to build national unity and implement reforms in the country.

Reporting by Reuters