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Lebanon: the IMF warns of a risk of "dislocation of the economy"


On a mission to Beirut, the International Monetary Fund deplores the fact that bank restructuring is still at a standstill.


The head of the delegation of the International Monetary Fund (IMF), in charge of the Lebanese file, ended a mission of several days in Beirut with a clear observation: the “dislocation

of the economy” 

is extremely serious.

In the absence of funding, “

the entire public sector is practically at a standstill


inflation is in three digits;

growing poverty and Lebanon "

risks sinking into an endless crisis".

Ernesto Ramirez-Rigo, recognizes that the Lebanese case is


in the world, "

as much by its complexity as by the extent of the losses which are calculated in multiples of the GDP".

But he reiterates that the alternative does indeed exist: the one that was the subject of a technical agreement with Lebanon, in order to pave the way for an IMF program accompanied by a credit facility of 3 billion dollars, almost a year ago, on April 7, 2022.

Read alsoFragile agreement between the IMF and Lebanon


"despite the gravity of the situation, which requires immediate and decisive action, the implementation of all economic reforms...

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Source: lefigaro

All news articles on 2023-03-23

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