Lebanon's reforms insufficient for recovery: IMF
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.
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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 Lebanon's southern border since the war in Gaza broke out in October last year.
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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.