The Limited Times

Now you can see non-English news...

Lebanon, without strategy, negotiates with the IMF


The International Monetary Fund is on a mission to release aid for the Lebanese crisis. He is waiting for reforms that do not come.


Two and a half years after the cessation of payments by Lebanese banks in October 2019, which brought the Lebanese crisis to light, the authorities still have no plan to get out of it.

A 15-day mission from the International Monetary Fund (IMF) began on January 24, via videoconference, to consider a credit facility of up to $4 billion


Read also

Lebanon has sunk into a war economy

“This kind of mission serves to start negotiations on the basis of a stabilization and recovery program drawn up by the authorities of the country concerned.

In this case, there is none.

We are still discussing ideas

, ”says an informed source, knowing that public finances are adrift.

The draft budget for 2022 made public last week is decried by all economists as absolutely not responding to the gravity of the situation.

Destruction of financial and human capital

These delays are not fortuitous.

Rather than clearing the losses and laying the groundwork for a new economic model, the

“ruling class…

This article is for subscribers only.

You have 75% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for 1€ the first month


Already subscribed?


Source: lefigaro

All news articles on 2022-01-26

You may like

Life/Entertain 2022-03-01T12:19:03.946Z
News/Politics 2022-02-09T03:16:50.201Z

Trends 24h


© Communities 2019 - Privacy