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IMF, Lebanon strike conditional deal on US$3 bn aid | Money

BEIRUT, April 11 — The IMF announced Thursday a conditional agreement to provide Lebanon with US$3 billion (RM12.6 billion) in aid to help it emerge from a severe economic crisis, following months of negotiations. The country has been battered by triple-digit inflation, soaring poverty rates and...
Saudi Arabia Ar Riya Henri Chaoul Ernesto Ramirez Rigo Nasser Saidi Najib Mikati

IMF to provide Lebanon with $3 billion in aid

WASHINGTON — The International Monetary Fund (IMF) announced on Thursday that after months of negotiations it reached a staff-level agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis.The country has been battered by triple digit inflation, soaring poverty rates, and the collapse of its currency since a 2020 debt default, and
United States Ernesto Ramirez Rigo Najib Mikati Michel Aoun International Monetary Fund Fund Facility

IMF, Lebanon strike conditional deal on $3 bn aid

The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis, following months of negotiations.The country has been battered by triple-digit inflation, soaring poverty rates and the collapse of its currency since a 2020 debt default.Officials in Beirut applauded the announcement as it will open the door to additional financial support from foreign donors.
Saudi Arabia Ar Riya Henri Chaoul Ernesto Ramirez Rigo Nasser Saidi Najib Mikati

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