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Middle East News: Lebanon's economic reforms are insufficient to help lift the country out of its economic crisis, the International Monetary Fund (IMF) said on Thursda.

Lebanon's economic reforms are insufficient to help lift the country out of its economic crisis, the International Monetary Fund (IMF) said on Thursday. Ernesto Ramirez Rigo, the head of the IMF mission visiting Lebanon, said in a statement that Lebanon's ongoing refugee crisis, fighting with Israel at its Southern border and the spillover from the war in Gaza are exacerbating an already dire economic situation. Israeli forces and Lebanon's Hezbollah have traded fire across Lebano...

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The IMF has criticised Lebanon for failing to implement necessary reforms to access emergency bailout loans, exacerbating the country's severe economic crisis since 2019.

| Lebanon News

BEIRUT — The International Monetary Fund (IMF) warned in a report Thursday that Lebanon's failure to implement reforms could have "irreversible" consequences for the crisis-hit country and risks jeopardising economic and social stability.Lebanon has been mired since 2019 in an economic collapse that has seen the local currency lose around 98 per cent of its value against the

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Without reforms, Lebanon will continue to see triple-digit inflation, and public debt in the small, crisis-ridden country could reach nearly 550% of GDP by 2027, the International Monetary Fund warned in a report Thursday. The report came as a follow-up to a nine-day visit by IMF officials in March. Progress toward finalizing a sorely needed IMF bailout package for the struggling country has largely stalled.